Per Annum definition

Per Annum means for a year deemed to be comprised of 360 days.

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Per Annum means amount per year.

Per Annum means per calendar year from January 1 until December 31.

Examples of Per Annum in a sentence

• For each calendar day, each class of each Fund shall accrue a fee calculated by multiplying the Per Annum Management Fee Rate for that class times the net assets of the class on that day, and further dividing that product by 365 (366 in leap years).

• For each calendar day, each class of each Fund shall accrue a fee calculated by multiplying the Per Annum Fee Rate for that class by the net assets of the class on that day, and further dividing that product by 365 (366 in leap years).

• For each calendar day, each class of each series of shares set forth on Schedule A shall accrue a fee calculated by multiplying the Per Annum Fee Rate for that class times the net assets of the class on that day, and further dividing that product by 365 (366 in leap years).

• For each calendar day, each class of each series of shares of the Company shall accrue a fee calculated by multiplying the Per Annum Management Fee Rate for that class times the net assets of the class on that day, and further dividing that product by 365 (366 in leap years).

• For each calendar day, each class of each series of shares of the Company set forth on Schedule B shall accrue a fee calculated by multiplying the Per Annum Management Fee Rate for that class times the net assets of the class on that day, and further dividing that product by 365 (366 in leap years).

More Definitions of Per Annum

Per Annum means a twelve (12) month period beginning on January 1st and ending on December 31st of each calendar year.

Per Annum means, when referring to interest, the actual number of days elapsed in an Interest Period over a denominator of 360 days;

Per Annum means January to December of the same year

Per Annum means, when used in connection with a rate of interest, that interest is calculated by dividing the actual number of days in an interest period by an annual interest period or denominator of 360 days.

Per Annum means from the first day of September in the one (1) year until and including the thirty-first day of August in the following year.

Per Annum means per Membership Year.

Per Annum is a Latin term that means annually or each year. When it comes to contracts, per annum refers to recurring obligations or those that occur each year throughout an agreement. For example, if a bank charges an interest Simple Interest Simple interest formula, definition and example. Simple interest is a calculation of interest