Definition, Meaning & Synonyms
annual basis
phrase
ˈæn.ju.əl ˈbeɪ.sɪs
Definition
Referring to something that occurs every year.
Examples
- The company reviews its budget on an annual basis.
- We hold the conference on an annual basis to discuss industry trends.
- Employees receive performance evaluations on an annual basis.
Meaning
On an annual basis means happening once a year or pertaining to a yearly cycle.
Synonyms
- Yearly
- Annually
- Each year
