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quarterly (adv.)

early 15c., from quarter (n.) + -ly (2). As an adjective from 1560s, from -ly (1). As a noun, from 1830, "a quarterly publication," from the adjective.

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Definitions of quarterly from WordNet
1
quarterly (adv.)
in diagonally opposed quarters of an escutcheon;
two coats of arms borne quarterly
quarterly (adv.)
in three month intervals;
interest is compounded quarterly
Synonyms: every quarter
2
quarterly (n.)
a periodical that is published every quarter (or four issues per year);
3
quarterly (adj.)
of or relating to or consisting of a quarter;
quarterly report
From wordnet.princeton.edu