per annum
phrase | /per annum/
per year; annually
Literal meaning:
"by the year"
per annum
phrase | /per annum/
Foreign Words & PhrasesLatinEASYper year; annually
Literal meaning:
"by the year"
Learning Progress
Examples
"The interest rate is calculated per annum."
"He receives a salary increase per annum based on performance."
Mnemonic Trick
Per annum = for each year → annually
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