quarterage

The accountant processes the quarterly quarterage payments.

Definition

1. Noun:
   • A quarterly payment: "quarterage" refers to an amount of money paid or received every three months, such as a salary, allowance, or subscription fee.
   • A quarterly allowance: It can also mean a regular payment made or due on a quarterly basis, often in a financial or employment context.

Usage Examples

• (A payment made every three months.)
• (A regular quarterly allowance.)
• (A payment due every quarter.)

Advanced Usage

• "to be due quarterage": to be owed a quarterly payment.

  • The workers are due their quarterage at the end of March. (They are owed the payment at the end of the quarter.)

• "quarterage in arrears": a quarterly payment that is late or unpaid.

  • The landlord demanded the quarterage in arrears before the new lease began. (The overdue quarterly payment.)

Variants and Related Words

• Quarter (n): a period of three months; one-fourth of a year.

  • The fiscal quarter ends in June. (A three-month period.)

• Quarterly (adj/adv): occurring every three months.

  • She submits a quarterly report. (A report made every three months.)

Synonyms

• Quarterly payment: a sum of money paid every three months.
• Trimester allowance: a payment made each three-month period (less common, but similar).

Related Idioms

• Pay by the quarter: to make payments every three months.

  • The insurance policy requires you to pay by the quarter. (Payments are made quarterly.)

• Quarterage day: the specific day when quarterly payments are due.

  • The rent is collected on quarterage day, which falls on the first of January, April, July, and October. (The designated day for quarterly payments.)