What is the Definition of Semi Monthly?

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When something is labeled as semi-monthly meaning, it happens two times each month. Usually, payday will fall on the 15th and 25th of the month, with employees receiving their payment twice each month. With biweekly, your pay is sent out twice a month which is not the same as semimonthly. In one year, there are 24 semi-monthly payments and 26 biweekly payments. Firms often perform semi-monthly payroll in salaried positions because the earnings are easily planned in advance, with the exception of any small changes resulting from weekends or holidays.