Annually-paid

Referring to something that is compensated or disbursed on a yearly basis. This term is typically used in contexts such as salaries, bonuses, insurance premiums, or dividends, signifying that the payment or benefit occurs once every twelve months. The frequency of payment is a critical aspect, differentiating it from monthly, quarterly, or other payment schedules. The term highlights a commitment or arrangement where financial transactions are specifically structured to occur annually, impacting budgeting, financial planning, and reporting processes for both the payer and recipient. Often indicates a consistent, predictable stream of income or expenditure, making it a key factor in financial stability.

Annually-paid meaning with examples

• The software engineer's employment contract stipulated that they would receive an annually-paid bonus based on company performance, calculated and disbursed at the end of each fiscal year. This provided a significant incentive structure aligning the employee's efforts with the company's goals and boosted the salary.
• To maintain their insurance coverage, the homeowner was obligated to make an annually-paid premium payment. This payment ensured ongoing protection against unforeseen circumstances, such as property damage or liability claims and was a major line item in the homeowners' finances.
• As a shareholder, the investor anticipated receiving annually-paid dividends from the company's profits. These dividends served as a source of passive income, representing a portion of the company's earnings distributed to shareholders based on their stake in the business, and were key in assessing its financial position.
• The company implemented an annually-paid subscription model for its premium services. Customers could access advanced features by paying a yearly fee, providing a predictable revenue stream for the company and offering users a long-term cost advantage over monthly plans.
• The government announced an annually-paid scholarship program to support students pursuing higher education. This program provided financial assistance for tuition, living expenses, and other academic needs, easing the financial burden on deserving students and promoting access to education.