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Posted by Word Camel on March 17, 2003

In Reply to: Quarter? posted by tcl on March 17, 2003

: In May of the fourth quarter, I decided to plan something special for the children: a Mother's Day tea.

: what is fourth quarter.

I think it means this: In business and some other areas, a year is often divided up into quarters consisting of three months each. a company's earnings might be reported quarterly, for instance. Your sentence is unusual though because May is usually considered to be in the second quarter. More context might help to explain why.