ANNUITANT

annuitant  (<<schwa>>-n[y]oo-<<schwa>>-t<<schwa>>nt),  n.  A  beneficiary  of  an  annuity. [Cases: Annuities    1. C.J.S. Annuities §§ 2–4, 6–9, 21.][Blacks Law 8th]

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ANNUAL REPORT

annual report.A yearly corporate financial report for shareholders and other interested parties. • The Securities Exchange Act of 1934 requires registered corporations to file an annual report on the SEC’s Form 10-K. An annual report includes a balance sheet, income statement, statement of changes in financial position, reconciliation of changes in owners’ equity accounts, a…

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ANNUAL PERMIT

annual permit.A permit, required by some states, that must be paid each year by a corporation that does business in the state. • In some states, the permit fee is set according to the corporation’s capitalization. [Blacks Law 8th]

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