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Semimonthly means an event occurs twice a month. This is not the same as biweekly (every two weeks) as a month usually has more than 28 days. There are 24 semimonthly payments in a year but 26 biweekly payments. This leads to the unpleasant situation known to all folks paid semimonthly of the dreaded three-weekend pay period which stretched the bank balance painfully.

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8y ago

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