account statement

Definition

A record of transactions and their effect on account balances over a specified period of time, for a given account. A bank account statement lists the debits and credits that took place over the relevant time period, while a brokerage account statement lists the long positions and short positions, purchases and sales, and other transactions.

Use account statement in a sentence

Before reconciling the bank account, I must first look at account statement to make sure everything is paid and accounted for.

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