per annum
Every twelve months
Per annum means yearly or for each year, used especially in financial and legal contexts to express annual rates: The account earns 4.5% interest per annum.
The Latin phrase sounds more formal than "per year" or "annually" and appears frequently in contracts, salary discussions, and investment documents.
Yearly borrowing cost
- interestAttention, stake, or fee
- yieldProduce or relinquish
- dividendsProfits paid to shareholders
- bondsTies that unite
mortgage · loan · amortization · investment · return · treasury · fixed-income · capitalization
Year's opening month
- FebruarySecond month, often shortest
- MarchYear's third month
- AprilYear's fourth month
- MayYear's fifth month
June · July · August · September · October · November · December · Gregorian
Repeating sequence of events
- periodicOccurring at intervals
- seasonalRecurring at fixed intervals
- quarterlyFour times annually
- renewalMaking current again
subscription · membership · retainer · installment · billing · assessment · review · audit
Proportion out of hundred
- fixed-rateInterest that stays constant
- adjustable-rateRate that changes periodically
- variableProne to fluctuation
- compoundCombined into one
simple · nominal · effective · gross · net · accrual · calculation · basis
APR
Yearly borrowing cost
bonds · mortgage · loan · amortization · investment · return · treasury · fixed-income · capitalization · depreciation
January
Year's opening month
May · June · July · August · September · October · November · December · Gregorian · quarter
cycle
Repeating sequence of events
renewal · subscription · membership · retainer · installment · billing · assessment · review · audit · report
percentage
Proportion out of hundred
- fixed-rateInterest that stays constant
- adjustable-rateRate that changes periodically
- variableProne to fluctuation
compound · simple · nominal · effective · gross · net · accrual · calculation · basis · benchmark
- frequency wordsalways, never, often, sometimes, usually
- LatinLatin, Latin vocabulary, Latin roots, Latin alphabet, Latin phrases
annual, perennial, anniversary, annually, biannual, millennium, annuity, centennial, biennial