Biweekly occurs every other week (e.g., every two weeks). Bimonthly occurs two times a month.
Essentially it is the same thing, but there is a fine difference.
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Bi-monthly has an ambiguity to it, it can mean 'twice a month' or 'every two months'. Where as semi-monthly means only 'twice a month'.
My car payment is bimonthly.
weekly is every week. bi-weekly is every 2 weeks
Bimonthly means every two weeks. One can tell by the word monthly which is included in the word bimonthly, giving this clear indication of what is intended.
Bimonthly means every two months. There are 12 months in a year, so there are 6 bimonthly periods in one year. $40000 divided by six is $6666.66.