Per Annum Law & Legal Definition
Per Annum is the Latin word for, by, for or in each year or through the course of a year; annually. Anything which is calculated "per annum" is calculated on the basis of a year in time. For example, A premium on the insurance policy amounts to $500 per annum; Magazine subscription of 40 dollars per annum; Interest rate of 5 % per annum.
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