Webster's English Dictionary

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quarterly

1. quar.ter.ly \'kwo.(r)t-*r-le-, 'kwo.rt-*l-e-\ av : at 3-month intervals 
   {interest compounded ~} 
2. quarterly aj 1: computed for or payable at 3-month intervals {~ premium} 
    2: recurring, issued, or spaced at 3-month intervals {~ meeting}  3: 
   divided into heraldic quarters or compartments 
3. quarterly n : a periodical published four times a year