annual report
A comprehensive audited report on the financial condition of a public company that is provided to shareholders once a year. The annual report also includes such items as a summary of business activities for the past 12 months and disclosure of risk factors, pending legal proceedings, management changes, and forward looking statements. A report called the 10-K is a more detailed, electronic version of the annual report that is filed with the Securities and Exchange Commission (SEC).

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British Banking Association (BBA)
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