noun a Latin word meaning 'year', used in English to refer to a period of one year
Used in astronomy to represent the orbital period of a planet around the sun
Used to refer to the annual rate of return on an investment
Used in academic contexts to denote the academic year or duration of a course
Used to denote the yearly inflation rate or GDP growth
Used to indicate the fiscal year or annual financial statements
In the context of a writer, 'annum' is often used to refer to an annual salary or earnings. For example, a writer may negotiate a contract for a certain amount of money per annum.
Psychologists may use 'annum' when discussing research studies that span over a year. For example, a psychologist may track changes in behavior over a 12-month period or conduct a longitudinal study over several 'annums'.
Accountants frequently use 'annum' when calculating annual financial statements, tax returns, or budget forecasts for clients. They may refer to income, expenses, and profits on an annual basis.
In the context of human resources, 'annum' is used when discussing annual leave entitlements, salary reviews, performance appraisals, and other HR policies that are reviewed on a yearly basis.
Economists often use 'annum' when analyzing economic trends, growth rates, inflation rates, and other macroeconomic indicators over a period of one year. They may refer to GDP per annum or inflation rates per annum.