Meaning of NEW YEAR in English

NEW YEAR

ˌNew ˈYear BrE AmE , new year noun [uncountable]

1 . ( also the New Year ) the time when people celebrate the beginning of a new year:

We’re going to spend Christmas and the New Year with my parents.

The business will be closed over New Year.

Happy New Year (=used as a greeting)

Our neighbours invited us round to see in the new year (=celebrate the beginning of the year) .

2 . the new year the first few weeks of the year:

Prices are expected to go up in the new year.

Longman Dictionary of Contemporary English.      Longman - Словарь современного английского языка.