What Does A Calendar Year Mean. A calendar year is a period of 365 or 366 days, starting on the 1st of january and ending on the 31st of december, which is used for calculating time in most parts of the world. While a calendar year follows the standard january to december format, a “year” in different contexts might not align with these dates, such as a fiscal or academic year.

A decline doesn’t mean that you can’t proceed, but you may need to initiate a new balance transfer request for a lower amount. A calendar year is a year running from the 1st of january to the 31st of december.