Annual Statement of Account
Type: noun
Pronunciation: /an-yoo-uhl-stayt-ment-of-uh-kount/
Also spelled or known as: Annual Royalty Statement
Related: Royalty Statement, Monthly Statement of Account, Royalty Report
What does Annual Statement of Account mean? A yearly or year-end report showing royalties, earnings, deductions, and payments.
In music, labels, publishers, distributors, and societies may issue annual statements of account to artists, songwriters, and rightsholders.
Annual Statement of Account synonyms: Royalty Report, Royalty Statement, Annual Royalty Report, Annual Royalty Statement, Yearly Account Statement, Annual Earnings Report
Example sentence: “The publisher sent the annual statement of account to the songwriter.”
PRE-ORDER RECORDING BUSINESS DICTIONARY