The Answer:
Bimonthly is a
problematic word, meaning either "occurring once every two months" or
"occurring twice a month." Which one is meant depends on context.
According to Merriam-Webster's Dictionary of English
Usage, in the world of publishing, the former definition
is almost invariably the intended one; a bimonthly magazine comes out
six times a year. In the world of education, the latter definition is
often intended, with bimonthly meetings taking place roughly every two
weeks. The same problem applies to biweekly.
If you do mean "twice a month" or "twice a week," you might be
better off either writing those phrases, or using the unambiguous
"semimonthly" and "semiweekly." If you mean "every two months" or
"every two weeks," you might be better off using those phrases;
otherwise, be sure that the context makes it clear which meaning you
have in mind.
—The Editors