fiscal year
noun [ C ]
ukus( abbreviation FY) ACCOUNTING
a period of 12 months for which a company prepares its accounts:
He expects earnings for the fiscal year ending next March to rise to 45 to 50 cents a share.
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financial year
ECONOMICS, GOVERNMENT
a period of 12 months for which a government records its income and spending:
More than two weeks into the new fiscal year, the state at last has a spending plan.
fiscal year 2011/2012/2013, etc. The Office of Management and Budget has released the federal budget for fiscal year 2011.