monthly statement
Definition
A report sent by a brokerage to each of its customers, providing details on the previous month's transactions, dividends and interest, and the current account balance.
Use monthly statement in a sentence
“ Mary read her monthly statement and was surprised to see a transaction on her account that she did not perform or authorize. ”
“ Comparing monthly statements, Knip was surprised to see how much of a drop in earnings had come from the recently lowered interest rate. ”
“ Sally was unsure of her account balance and was about to call her bank, but quickly realized that she received a monthly statement in the mail. ”
