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.

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Comparing monthly statements, Knip was surprised to see how much of a drop in earnings had come from the recently lowered interest rate.

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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.

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monthly accounting period