Definition, Meaning & Synonyms
annum
noun
/ˈæn.əm/
Definition
a year; used in financial contexts to indicate an amount for one year.
Examples
- The company reported a profit of $100,000 per annum.
- Interest on the loan is calculated at 5% annum.
- The subscription fee is $50 annum.
Meaning
The term ‘annum’ is Latin for ‘year.’ It is commonly used in expressions such as ‘per annum,’ which means ‘for each year.’
Synonyms
- year
- yearly
