Statement

Feedback

Feedback
In finance, a statement means a periodic (usually monthly or quarterly) financial summary sent to you that shows all the activity that happened in the period covered by the statement. A bank statement is a record of all the activity in your bank account, typically during the past thirty days. This will include all the checks you wrote that were cashed, all the ATM withdrawals you made, all the deposits paid into the account, and any direct debits that were taken out. Credit card issuers will send a statement recording all your credit card transactions in the past month. You might also get a statement from a stockbroker telling you what stocks you bought and sold, or from a utility company saying how much you owe them. Statements should be checked to see that everything has been recorded correctly. This is especially true with credit cards; you can tell from the statement if someone has stolen your card details and has made illegal purchases.