What is Per Annum? “Per annum” is a Latin term that means annually or each year. When it comes to contracts, per annum refers to recurring obligations or those that occur each year throughout an agreement. For example, if a bank charges an interest.

What is ment by per annum?

: by the year : in or for each year : annually. per annum. adverb. per an·​num | \ pər-ˈa-nəm \

What does per annum meen?

Per annum means once per year.