Emancipation Day is a public holiday on 16 April each year that, in recent history, has been celebrated only since 2005.If the date falls on a weekend, the holiday is the nearest weekday, either Friday or Monday.Emancipation Day celebrates when President Abraham Lincoln signed the Compensated Emancipaton Act in 1862.By doing so, he freed over 3000 slaves in the District of Columbia.f the date falls on a weekend, the holiday is the nearest weekday, either Friday or Monday. Emancipation Day celebrates when President Abraham Lincoln signed the Compensated Emancipaton Act in 1862. By doing so, he freed over 3000 slaves in the District of Columbia.
Burn rate refers to the rate at which a company uses up its supply of cash over time. It's the rate of negative cash flow, usually quoted as a monthly rate, but in some crisis situations, it might be measured in weeks or even days.
The amount of money that a company spends each month from the amount it has raised from venture capital. For example, if a company is spending $100,000 per month, it is said to have a burn rate of 100,000. The burn rate is measured until the company begins to have a positive cash flow.