Definition, Meaning & Synonyms

pay-annually

verb

/peɪ ˈæn.ju.ə.li/

Definition

To make a payment once every year.

Examples

Many subscription services offer a discount for users who choose to pay-annually instead of monthly.
To simplify your budgeting, consider whether you want to pay-annually for your insurance premiums.
Pay-annually for your membership to avoid having to remember multiple payments throughout the year.

Meaning

The term ‘pay-annually’ refers to the practice of paying for a service or obligation on a yearly basis rather than more frequently, such as monthly or quarterly.