Does annual payment mean yearly?
An annual billing cycle covers the cost of an entire year of the service in a single yearly payment. In the instance of subscription billing, the customer is locked into an automated cycle, which will bill them once a year unless they cancel.
What do you mean annual?
: occurring or happening every year or once a year : yearly.
What is a yearly payment called?
Your annual salary is the amount of money your employer pays you over the course of a year in exchange for the work you perform. The salary you receive is based on a 40-hour workweek, although (if you are on salary) your wages are not determined by the number of hours you work.
What do you mean by quarterly payment?
Quarterly Payment means the cumulative total of Monthly Payments occurring at the end of every quarter of the year (three months ending on the last day of each March, June, September, and December).
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