Etymology
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hourly (adv.)

late 15c., "every hour;" as an adjective, 1510s, "happening or done every hour," from hour + -ly.

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Definitions of hourly
1
hourly (adv.)
every hour; by the hour;
daily, hourly, I grew stronger
2
hourly (adj.)
occurring every hour or payable by the hour;
hourly chimes
hourly pay
From wordnet.princeton.edu