per annum — for each year; annually
Part of speech: ADVERB
Definition: for each year; annually
Pronunciation (IPA): /pər ˈænəm/
Example Sentences
- My lazy neighbor earns $100,000 per annum just by watching Netflix and inheriting money.
- The bank offers a 3.5% interest rate per annum on savings accounts.
- She calculated that her coffee addiction costs her $2,000 per annum - enough to buy a used car!
per annum
ADVERB[/pər ˈænəm/]
for each year; annually
The bank advertises a 5% interest rate per annum on new savings accounts.
Per annum profits hit maximum!
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🎤Pronunciation
🌳Etymology
Origin
This phrase originates from Latin, used since ancient Roman times to denote annual periods or yearly measurements. It remains a formal expression in modern legal and financial documents, retaining its Latin form to convey precision and authority.
Breakdown
per (for each, by means of) + annum (year). The phrase literally translates to 'by the year' or 'for each year,' expressing a yearly rate or annual occurrence.
🎵Rhyme
🔗Collocations
📝Examples
“My lazy neighbor earns $100,000 per annum just by watching Netflix and inheriting money.”
“The bank offers a 3.5% interest rate per annum on savings accounts.”
“She calculated that her coffee addiction costs her $2,000 per annum - enough to buy a used car!”
“The company reports revenue growth of 15% per annum.”
📚Related Words
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