natural business year
noun[C]
ACCOUNTINGukusaperiodof twelvemonthsfor which acompanypreparesitsaccountsbasedonitstypicallevelsofactivity,startingandendingwhenactivityislow:
Naturalbusinessyearsin theretailbusinessend wheninventoriesandsalesare at alowlevel, forexample, after theChristmasrush.
Compare
financial year
fiscal year