They all have their day on Nov. 2 (5)

I believe the answer is:

souls

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'they' is the definition.
Both the answer and definition are plural nouns.
Perhaps there's a link between them I don't understand?

I can't explain the remainder of the clue.

Can you help me to learn more?

(Other definitions for souls that I've seen before include "All --, Oxford college" , "People" .)

I've seen this clue in the Evening Standard.

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