The timer service enables you to create notifications for specific dates and times, providing a scheduling mechanism based either on a one-time notification or on a repeated, periodic notification. The notifications or notification events are sent to all objects registered to receive timer events.
This service performs a function similar to that of the cron daemon of the UNIX® operating system. There are two types of timer notifications:
One-time notification
Periodic notification: a set number of occurrences at equal intervals over a given time period