Semiannual: meaning, definitions and examples

Etymology

• The term combines 'semi-' from Latin meaning 'half' and 'annual' from Latin 'annus' meaning 'year.'
• It reflects a practice that dates back to Roman times when events were often scheduled on a semiannual basis.

Business

• Many companies hold semiannual meetings to review finances and plan for the future.
• Semiannual financial reports help investors gauge a company's performance over a more manageable time frame than just annual reports.

Education

• Academic institutions often have semiannual exams, allowing students to demonstrate their knowledge twice a year.
• This division helps in better structuring the curriculum and pacing the learning process effectively.

Finance

• Certain investments, like bonds, pay interest semiannually, providing investors with income twice a year.
• Understanding semiannual returns is crucial for investors to make informed decisions about their portfolios.

Cultural Practices

• In many cultures, semiannual festivals mark changes of season, celebrating harvests or solstices.
• Some traditional crafts or arts are showcased semiannually, allowing artisans to display their new creations and skills.