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The term "holiday" can be interpreted differently, depending on region. Generally, holidays are meant to commemorate some event, person, or group of cultural or religious significance.
Although certain holidays, such as Christmas and New Year's Day, are widely celebrated worldwide, most countries have their own set of holidays that are specific to the country, and even the same holidays may be observed differently within countries: some may receive full suspension of typical daily activities, while others may only get partial days off.
In some cases, an employee who is required to work on a federal holiday may receive compensation in the form of holiday pay in addition to their regular wages.
Certain holidays such as New Year's Day are referred to as "fixed holidays," since they fall on the same date every year.
A follow up question: why do many nations use yyyy-mm-dd?
I live in china now and traveling the rest of Asia I've noticed this.
Under the Gregorian calendar, century years not divisible by 400 would not be leap years.
As an example, in Brazil, Carnaval do Brasil results in almost a full week in which only industrial production, retail establishments, or carnival-related businesses, function. This is not necessarily true in the private-sector however, and which federal holidays a private-sector employee receives is largely dependent on the discretion of the company.
This calendar allowed summer and winter months to become completely misplaced, leading to the adoption of more accurate calendars.
The Republican calendar later used by Rome followed Greek calendars in its assumptions of 29.5 days in a lunar cycle, and 12.5 synodic months in a solar year, which align every fourth year upon the addition of the intercalary months of January and February.
The Gregorian calendar is the most prevalently used calendar today.
Within this calendar, a standard year consists of 365 days with a leap day being introduced to the month of February during a leap year.
The adoption of the Gregorian calendar occurred slowly over a period of centuries, and despite many proposals to further reform the calendar, the Gregorian Calendar still prevails as the most commonly used dating system worldwide.