PER ANNUM Meaning and
Definition
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Per annum is a Latin phrase used in English to denote an annual occurrence, usually used in the context of financial and economic matters. The term literally translates to "per year" or "for each year."
In finance, per annum is commonly employed to express the annual rate of interest on a loan or investment. It indicates the percentage of interest that accrues or is paid over the course of one year. This term is significantly utilized in financial statements, contracts, and investment documents to clearly state the amount of interest or return that will be received or paid in a year.
Beyond finance, per annum can also be applied in various other fields. For instance, it can describe the annual salary or wage that an individual earns. It is frequently seen in job advertisements or employment contracts to indicate the amount of money an employee will earn in a year. Similarly, per annum can be used to discuss the frequency of events that unfold yearly, such as the per annum conventions of professional organizations or the per annum festivals and celebrations held annually.
Overall, "per annum" is a Latin term that is incorporated in English to signify an annual occurrence, particularly in the areas of finance and economics, but with broader applicability across various fields encompassing anything that occurs or is calculated on a yearly basis.
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Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for PER ANNUM
- oer annum
- ler annum
- -er annum
- 0er annum
- pwr annum
- psr annum
- pdr annum
- prr annum
- p4r annum
- p3r annum
- pee annum
- ped annum
- pef annum
- pet annum
- pe5 annum
- pe4 annum
- per znnum
- per snnum
- per wnnum
Etymology of PER ANNUM
The phrase "per annum" is derived from Latin. "Per" means "each" or "for each", and "annum" means "year". In Latin, the phrase would be written as "per annum". It has been adopted into English and is commonly used in financial and legal contexts to signify an annual rate or occurrence.
Similar spelling words for PER ANNUM
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