Definition:
Corporations that have shareholders must prepare an Annual Report and make it available to the corporation's shareholders.
The basic purpose of the Annual Report is to let the shareholder's know how the company is doing. The Annual Report contains information such as basic financial statements, management's opinion of the past year's operations, and the corporation's future prospects.
Common Misspellings: Anual Report; Annuel Report.
Examples:
If you hold shares in a corporation, you'll want to read that corporation's Annual Report carefully.
