Definition

Noun: - A year, particularly used in formal, financial, or legal contexts to denote a period of twelve months. It is often seen in the phrase "per annum."

Usage

The word "annum" is almost exclusively used in formal or technical writing, especially when discussing rates, salaries, or frequencies on a yearly basis. It is rarely used in everyday conversation, where "year" is preferred.

Examples

• The interest rate on the loan is 5% per annum.
• Her salary is stated as sixty thousand dollars per annum.
• The fee is payable once per annum.

Advanced Usage

• In legal/formal documents: "The lease agreement stipulates a review of terms every annum."
• In academic contexts: "The journal publishes four issues per annum."

Variants and Related Words

• Annual (adj): Occurring or payable every year. (e.g., an annual meeting)
• Annuity (n): A fixed sum of money paid to someone each year.

Synonyms

• Year
• Twelvemonth (less common)

Notes

"Annus" is the Latin singular for "year." "Per annum" is a Latin phrase meaning "by the year" or "for each year." The word "annum" itself is not typically used in English outside of the fixed phrase "per annum."

Noun

1. (Latin) year
   • per annum