Taking 3 minutes out of reading shit for school so I don't die.
vhris: By quarterly I mean that the entire schooling year would essentially be one continuous class (well, 7 or 6 continuous classes). Every quarter, you get a report card telling you how you're doing, each quarterly the grade not reflecting the work that you did the previous quarter, but the work just continuing on from what was learned then. The grades from each quarter would be averaged out to give you your final grade, which went to determining your GPA. Some teachers gave quarterly finals, but most didn't really give a shit.