What is the meaning of bi-weekly pay period?

A bi-weekly pay period refers to a payroll schedule in which employees are paid every two weeks, resulting in 26 paychecks per year. This system typically means that employees receive their wages on the same day of the week, every two weeks, which can help with budgeting and financial planning. It differs from a semi-monthly pay period, where employees are paid twice a month, often resulting in 24 paychecks per year.