Annually refers to something that occurs once every year. The term is derived from the Latin word ‘annus,’ which means year. Therefore, when something is described as happening annually, it means it takes place one time within a 12-month period.
For example, if a company holds an annual meeting, it means the meeting happens once every year. Similarly, annual reports, annual subscriptions, and annual events all follow this same timeframe.
Understanding the term ‘annually’ is important for planning and scheduling events, payments, and other activities that occur on a yearly basis.