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Current Year (Meaning: All You Need To Know)

What does Current Year mean?

How do you define Current Year in simple terms?

What’s essential to know?

Keep reading as I have gathered exactly the information that you need!

Let me explain to you what current year means once and for all!

Are you ready?

Let’s get started!

What Is The Current Year

The current year means the year that has started, in which we are right now, and has yet to finish.

Calendar Year

In most cases, we’ll refer to the “current year” as the current calendar year.

This means that a new year starts on January 1st of a given year and ends on December 31st.

For example, if you are speaking of the current year at the present moment, you are referring to the year in which we are right now.

Fiscal Year

The current year can also refer to a fiscal year.

For example, accountants and business professionals may be concerned with a fiscal year of a company that starts at a given date and ends twelve months after that (it does not necessarily start on January 1st).

For example, an accountant may refer to a current year as the current fiscal year of a corporation that starts on November 1st and ends on October 31st in any given year.

Abbreviation

The current year abbreviation is CY (Current Year).

Current Year Definition

What is the definition of current year?

Meaning

In the English language, the current year can be defined as:

The year that has started and which is not finished
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Slang

The current year slang refers to what we see in society and what we should see instead in a more derogatory fashion.

For example, when we do something that is old-fashioned or that is not proper, we’ll use the expression “come on, it’s [current year]”.

In other words, we’re suggesting that we are in an advanced or modern period and we should know better or we should have made changes to our ways.

The current year meme has come from the 4chan and with John William’s satire.

Current Year In A Sentence

How do you write the current year in a sentence?

Here are a few ways you can use the phrase current year:

  • In the current year, we are expecting for the new mobile phone to be released
  • The current year’s financial statements have shown greater profits for this company
  • The current year will end soon
  • This budget applies only to the current year and not the subsequent year

Current Year Example

Let’s look at a few examples of current year to better understand the concept.

In business, the phrase current year is used quite often.

Here are some examples:

  • In the current year, employees get an additional 10% increase
  • The current year’s closing balance is lower than last year
  • The current year’s stock options are more attractive than last year
  • Purchasing a real estate in the current year will be beneficial 

The Current Year Takeaways 

So there you have it folks!

What does “current year” mean?

Current Year Meaning:

Current Year means the year we are in at the present moment, generally the current calendar year.

Current year can also refer to the current fiscal year.

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