What is annum?

Annum: A Year's Journey Around the Sun

An annum refers to a period of one year. It's derived from the Latin word "annus," meaning year. In common usage, annum and year are interchangeable. However, in specific contexts, "annum" is preferred.

Here's some further information:

• Definition: An <a href="https://www.wikiwhat.page/kavramlar/annum%20definition">annum definition</a> is equal to 365.25 days, which is the average length of a year considering leap years.
• Usage: It is often used in <a href="https://www.wikiwhat.page/kavramlar/financial%20contexts">financial contexts</a>, especially when calculating interest rates or yields, commonly denoted as per annum (per year).
• Law: The term is also preferred in legal documents and contracts where a precise duration is required.
• Science: In scientific fields, annum can be used to represent time scales, such as in dating geological formations. The symbol "a" is often used, such as "Ma" for million years (mega-annum).

In essence, "annum" is a formal and often precise way of referring to a year, highlighting its duration and period of time.