chiefly Brit.
■ noun
1》 an extended period of recreation, especially away from home.
2》 a day of festivity or recreation when no work is done.
3》 [with modifier ] a short period during which the payment of instalments, tax, etc. may be suspended.
■ verb spend a ~: he is ~ing in Italy.
Origin
OE hāligdæg 'holy day'.