Definition, Meaning & Synonyms
per-annum
Adverb
/pər ˈæn.əm/
Definition
Per-annum refers to a yearly basis or annual rate.
Examples
- The interest rate is set at 5% per-annum.
- They receive bonuses calculated per-annum based on their performance.
- The subscription fee is billed per-annum at $120.
Meaning
It is commonly used in financial contexts and contracts to indicate something that occurs or is calculated on a yearly schedule.
Synonyms
- Annually
- Yearly
- Year-on-year
