Finance & Banking

Statement

ˈsteɪtmənt

noun

What does Statement mean?

The monthly summary of account activity.

Example sentence

"Review your statement for unknown charges."

American usage tip

Statement balance vs current balance differ.

Related Finance & Banking words

Refund
Money returned when you overpaid taxes.
Direct deposit
Salary paid electronically into your account.
Credit score
A number (300-850) showing how reliable a borrower you are.
Wire transfer
A fast bank-to-bank money transfer.
Annual fee
The yearly cost of holding a credit card.
W-2
The annual wage form employers send for taxes.
Zelle
A free instant bank-to-bank payment app.
Credit history
Your record of borrowing and repaying.

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