QUARTER n.
as terminating a quarter of the year; hence, one on which any payment, especially rent, becomes due. In matters influenced by United States statutes, quarter days are the first days of January, April, July, and October. In New York and many other places, as between landlord and tenant, they are the first days of May, A…
RECEIPT n.
That which is received; that which comes in, in distinction from what is expended, paid out, sent away, and the like; -- usually in the plural; as, the receipts amounted to a thousand dollars. Cross receipts. See under Gross, a.