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As I see it, yearly is meant for a specific set of time periods, while annually is used for longer periods of time. When you are talking about the yearly bake sale, you would mean the bake sale happening each year. When you are talking about the annual bake sale, you mean every upcoming bake sale. Each year, we raise funds by having bake sales.
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Annually, or once per annum means an event occurs one time between January 01 and December 31 for that given year. From year to year the time frame between events could literally be as little as one day or as long as 1 year and 364 days as long as the two events don't happen within the same calendar year.
Per annum is used in financial contexts to mean for each year. Share. Improve this answer. Follow ...
annually or annually and as needed. But in that phrasing, there is the possibility of there being no as-needed reviews: annually and only annually or annually and as needed. However, I doubt you mean that either. Unless you really do want to say there is the possibility of never conducting any reviews outside of an annual schedule.
The prefix "bi-" comes from the Latin "bis" meaning "twice". Substituting for "bi-" we have: bi-weekly = twice-weekly; bi-annually = twice annually. Time for all of the English gurus to get together and settle this once and for all!
Just because one word has a synonym doesn't mean a related term has one. Year, month, fortnight, week, day and hour all have an adjectival form; it just so happens that only yearly has a commonly used synonym, although there's diurnal which is used in a slightly different way to daily (we don't give thanks for our diurnal bread).
"By," along with a time element, generally means "up to that point," "until," "no later than"; however, in common usage when including a year or a day, it can be taken to mean up to and including that date. For example, "I need to hear from you by Thursday" means no later than Thursday, hence, some time on Thursday is okay.
An annually service sounds wrong because it is wrong; you're using an adverb where you need an adjective (annual). The trick is that the adjective form of "once a month", monthly, just happens to be the same as the adverbial form, monthly; the reader automatically assigns the word to its correct role based on its placement in the sentence.
The question started off as more-or-less clear, then veered off somewhere strange ("bi-annually is not one word"), and the update is just a wall of text with no question in sight. Anyway, we have several questions dealing with the ambiguity of bi-already. All of them boiling down to "1) yes, it can be ambiguous — big deal, so can be most ...