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English Word of the Day: Annual Report
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English Word of the Day: Annual Report
**English Word of the Day: Annual Report**
**Definition**: An annual report is a comprehensive statement that a company distributes to its shareholders, stakeholders and interested parties, which outlines its activities, financial performance and corporate strategies over the previous year.
**Part of Speech**: Noun
**Example Sentence**: Following the closure of the financial year, every corporation releases an annual report to provide detailed information about the company’s operational and financial conditions.
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