REPOSSESSION Definition

REPOSSESSION is the action of regaining possession, e.g. the seizure of collateral securing a loan that is in default.

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YEAR-END DIVIDEND is a payment to stockholders from retained earnings, declared at the end to a business year.

NOTES TO THE FINANCIAL STATEMENTS is a detailed set of notes immediately following the financial statements contained in the annual report that expands upon and/or explains in some depth the information contained in the financial statements.

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