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A written report of an individual or company's financial or other relevant data. A prime example is the annual report that a publicly-traded company is required to distribute to shareholders. The report contains information on the company's financial state, such as operational income and net profit. Sometimes it also contains an accountant's opinion on the general health of the company. Occasionally, statements are distributed at irregular intervals to explain a major event in the company. See also: Balance sheet.
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Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.