Business Day
Fannie Mae
Updated 10-31-2026
Business Day
A day other than (1) a Saturday or Sunday, (2) a day on which the Federal Reserve Bank of New York (or other agent acting as Fannie Mae's fiscal agent) is authorized or obligated by law or executive order to remain closed, or (3) a day on which the main offices of Fannie Mae in the District of Columbia are scheduled to be closed. In this Guide, the word "day" without the modifier "business" refers to a calendar day.
Fannie Mae Glossary of Terms
Fannie Mae · p. 5
ABA
Updated 10-31-2026
Business Day
the part of a day during which most businesses are operating, usually from 9 am to 5 pm Monday through Friday. Often, this term is defined in the relevant document as a day other than a Saturday, Sunday or national holiday.
American Bar Association Glossary of Real Estate Terms
ABA · pp. 1–2
FreddieMac
Updated 10-31-2026
Business Day
A Business Day is a day other than: A Saturday or Sunday A day on which the Federal Reserve Bank of New York (or other agent acting as Freddie Mac's fiscal agent) is authorized or obligated by law or executive order to remain closed A day on which the offices of Freddie Mac are closed In this Guide, the word "day" without the modifier "business" refers to a calendar day.
FreddieMac Glossary
FreddieMac · p. 5
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