"Quarterly" refers to a time period that occurs every three months. It is commonly used in business and finance to describe reports, meetings, or assessments that take place four times a year. For example, a company may release its quarterly earnings report to inform stakeholders about its financial performance. In addition to business, the term "quarterly" can apply to various activities, such as quarterly reviews in education or quarterly publications in magazines. These events help organizations and individuals track progress, set goals, and make informed decisions based on recent data and trends.