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LSDefine

Simple English definitions for legal terms

annual account

Read a random definition: corruption

A quick definition of annual account:

An annual account is a report that shows all the financial transactions that happened in a year. It is like a diary of money coming in and going out. Annual crops are plants that grow and are harvested in one year. Annual depreciation is when something loses value over a year. An annual exclusion is a certain amount of money that you can give to someone without having to pay taxes on it. An annual meeting is a gathering of people that happens once a year. An annual message is a speech or statement that someone gives every year. An annual percentage rate is the amount of interest you pay on a loan or credit card each year. An annual permit is a fee that some companies have to pay every year to do business in a certain state.

A more thorough explanation:

An annual account is a type of account that is reviewed or updated on a yearly basis. It is also known as an intermediate account.

Annual crops are plants that are grown and harvested within a single growing season. Examples include corn, wheat, and soybeans.

Annual depreciation is the amount of value that an asset loses each year due to wear and tear or obsolescence. It is used to calculate the asset's book value.

Annual exclusion is a tax rule that allows individuals to give a certain amount of money to another person each year without having to pay gift tax. For example, in 2021, the annual exclusion amount is $15,000.

An annual meeting is a gathering of shareholders or members of an organization that takes place once a year. It is usually held to elect board members and discuss important issues.

The annual percentage rate (APR) is the interest rate charged on a loan or credit card on an annual basis. It includes both the interest rate and any fees associated with the loan or credit card.

An annual permit is a license or authorization that must be renewed each year. For example, some states require corporations to obtain an annual permit to do business in the state.

Examples illustrate the definition by providing specific instances of the term in use. For example, the definition of annual crops provides examples of specific plants that are considered annual crops. This helps to clarify the meaning of the term and make it easier to understand.

annoyance | annual report

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General chat about the legal profession.
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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