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Definition of quarterly
1 [attributive] done, produced, or occurring once every quarter of a year:a quarterly newsletter is distributed to members 2 Heraldry (of a shield or charge) divided into four (or occasionally more) subdivisions by vertical and horizontal lines.
1once every quarter of a year:interest is paid quarterly 2 Heraldry in the four, or in two diagonally opposite, quarters of a shield.
[on the pattern of Old French quartile]
noun (plural quarterlies)
a magazine or journal that is published four times a year.