What does the term "annual" mean?

The term "annual" means yearly. It is used to describe events, reports, or activities that occur once each year. This designation is commonly applied in various contexts, such as annual plants that complete their life cycle within a single year, or annual reports that summarize an organization's performance over the previous twelve months. While other options describe different frequencies, "annual" specifically indicates that the occurrence happens every year without exception. Thus, it accurately describes anything taking place once a year.