The meaning of PER ANNUM is in or for each year. How to use per annum in a sentence. What does per annum mean? Per annum means yearly or annually. It is a common phrase used to describe an interest rate. Often “per annum” is omitted, as in “I have a 4% mortgage loan.” or “This bond pays interest of 6%.” I know per annum is from Latin, but what are the real-world differences between these two phrases? Dictionary.com appears to suggest that they are synonyms (see definition below), but I wonder if one When something happens per annum, it occurs every year. Your job at the animal shelter might not pay much per annum, but if you love animals that won't matter too much.
