year

(redirected from of the year)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia.

year

(yēr),
An approximately 365-day period, the time the earth takes to revolve around the sun.
[O.E. gēar ]
References in periodicals archive ?
The clearest area of inventory imbalance at the end of the year was at auto dealers, where stocks of domestically produced automobiles were at 1.7 million units in December -- almost three months' supply at the sluggish fourth-quarter sales pace.
Westchester County East: The return of large blocks of space at several key buildings in non-CBD White Plains, Purchase and Rye offset moderate leasing activity in the Westchester East submarket in the first half of the year. Absorption so far totaled 30,410 square feet, down from 531,830 square feet in the first six months of 1998.
88-15 provided that no part of any net operating loss (NOL) carryover or other carryover available at the beginning of the year of change could be used as an offset against the portion of the positive net Sec.
The 186 actual sales were equivalent to a seasonally adjusted rate of 770 sales for the year, which was substantially better than the first and second quarter rates, although, as in Westchester, the third quarter sales rate was the strongest of the year.
Real gross national product rose about 2 3/4 percent over the course of the year, the number of jobs increased more than 3 1/2 million, and the unemployment rate remained on a downward course, closing the year at 5.3 percent, its lowest level in 14 years.
6511 (which governs the recovery of underpayment interest).While T had filed a claim for refund of the Year 1 deficiency interest that was erroneously paid in Year 4 on December 6 of Year 10, the Service concluded that to be timely, a claim must have been filed by the later of March 15 of Year 5 or two years from the date of payment.
The changes have adversely increased their work load during the period from January to April, and have created lower levels of work for the rest of the year. To take advantage of the proposed changes in the rules, CPAs must be prepared themselves and must also prepare their clients.
Once the 10% threshold is reached, it applies for the remainder of the year.
Thus, the court concluded that the goods purchased or produced subsequent to the bargain purchase and on hand at the end of the year of the LIFO election should be valued at their current-year cost.
Credit growth was slow in the first half of the year. The federal government's borrowing requirements were held down by reduced activity by the Resolution Trust Corporation (RTC) and by contributions from foreign countries to cover the costs of Operation Desert Storm.
Although the full $50,000 was included in its calculation of the year's NOL, the SLL carryback is limited to $20,000, the ordinary NOL for the year.
During the early months of the year, the bond market seemed to focus on the possibility of a strong recovery, and long-term interest rates backed up about 1/2 percentage point from early January through March.