IPA: /ˈkwɔːtərɪdʒ/
KK: /ˈkwɔrtərɪdʒ/
A payment or allowance that is made every three months.
The company provides a quarterage to its employees as part of their compensation.
Quarterage → The word is derived from "quarter" (from Old French *quartier*, meaning a fourth part) and the suffix "-age" (meaning a state or condition). Thus, quarterage refers to the state or condition of being divided into quarters or fourths.
Think of 'quarter' as a fourth part and '-age' indicating a state or condition — quarterage means the state of being in quarters.