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[ adverb ] by the year; every year (usually with reference to a sum of money paid or received)
Examples "he earned $100,000 per annum" "we issue six volumes per annum" Used in print (Handbook of Federal Aids to Communities. U.S. Dep...)Business loans generally are repayable in regular installments - usually monthly , including interest at the rate of 5 - 1/2 percent per_annum on the unpaid balance - and have a maximum maturity of 10 years ; the term of loans for working_capital is 6 years . |
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