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'Per annum' means 'each year' or 'annually.' It's a formal way to express something that happens once a year. Think of it like an annual event or a yearly salary. Contrast this with 'monthly' or 'daily.' If your allowance is '$100 per annum,' you receive $100 each year. It's often used in financial contexts. Like the yearly release of a new sports game! 🏈
'Per annum' is a Latin phrase literally meaning 'by the year.' 'Per' means 'by' or 'through,' and 'annum' means 'year.' It's a classic example of Latin influence in English vocabulary. Its use has remained consistent for centuries, particularly in formal and financial settings.
In the world of eSports, professional gamers often sign contracts with teams that specify their earnings 'per annum.' A top player might earn millions per annum through prize money, sponsorships, and endorsements. These contracts dictate not only their salary but also their obligations and responsibilities throughout the year.
'Per annum' is a useful term for expressing yearly rates or frequencies. Use it in formal contexts, especially when discussing finances. Remember, understanding 'per annum' is key to managing your money! 💸
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