Usually means: Occurs twice in one year.
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We found 22 dictionaries that define the word semiannual:

General (16 matching dictionaries)
  1. semiannual: Merriam-Webster
  2. semiannual: Oxford Learner's Dictionaries
  3. semiannual: American Heritage Dictionary of the English Language
  4. semiannual: Collins English Dictionary
  5. semiannual: Vocabulary.com
  6. Semiannual, semiannual: Wordnik
  7. semiannual: Wiktionary
  8. semiannual: Webster's New World College Dictionary, 4th Ed.
  9. semiannual: The Wordsmyth English Dictionary-Thesaurus
  10. semiannual: Infoplease Dictionary
  11. semiannual: Dictionary.com
  12. semiannual: Rhymezone
  13. semiannual: FreeDictionary.org
  14. semiannual: Mnemonic Dictionary
  15. semiannual: TheFreeDictionary.com
  16. semiannual: Wikimedia Commons US English Pronunciations

Art (1 matching dictionary)
  1. ODLIS: Online Dictionary of Library and Information Science (No longer online)

Business (3 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Semiannual: Investopedia
  3. semiannual: Financial dictionary

Computing (1 matching dictionary)
  1. semiannual: Encyclopedia

Medicine (1 matching dictionary)
  1. semiannual: Medical dictionary

(Note: See semiannually as well.)

Definitions from Wiktionary (semiannual)

adjective:  Biannual: occurring twice a year
noun:  Something occurring twice each year.

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