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What does per annum mean?

Looking for the meaning or definition of the word per annum? Here's what it means.

Prepositional phrase
  1. In a year
  2. For a year
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Examples
The emphasis is on secure long-term investment and the guaranteed returns are currently as low as four per cent per annum.
We have also increased our capital expenditure to an average of R2-billion per annum to deal with the backlogs.
However, revenues are expected to grow at over 100 per cent per annum for the next three years.
Its annual growth rate over the last two years has been over 50 per cent per annum which puts it as the fastest-growing industry in the country.
The target is moderate, considering that tax revenues have increased by an average 14.2 percent per annum over the past three years.
The best study I've seen on the topic puts the estimate at around 25,000 deaths per annum.

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