Definition, Meaning & Synonyms

quarterly-payment

noun

/ˈkwɔːrtərli ˈpeɪmənt/

Definition

A quarterly payment is a payment that is made every three months or four times a year.

Examples

The quarterly payment for my mortgage is due at the beginning of each January, April, July, and October.
Many businesses and freelancers choose to make quarterly payments for taxes to avoid a large bill at the end of the year.

Meaning

This term often refers to scheduled payments that are typically set up for loans, mortgages, subscriptions, or other financial obligations that require periodic payments throughout the year.