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quarter noun (PEOPLE). âº [C] one or more âpeople who âprovide âhelp, âinformation, or a âparticular âreaction to something but who are not usually ânamed: Help came from an âunexpected quarter. There is a âfeeling in âcertain/some quarters (= some âpeople âconsider) that a âchange is âneeded.
A quarter is another way of saying one fourth, in this setting, one fourth of a year = three months. yes   12 months = 1 year = 4 x 3. Semi refers to occurring two times in a given period Quarterly is 3 months Semi quarterly is 2 times in 3 months, or 8 times a year. Quarterly months are months that fall on 1/4th of every year.