statement of account Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: statement of account
statement of account

report indicating the account status of an agreement between creditor and debtor. The statement is usually issued by the creditor indicating details such as the unpaid balance due and payment history. An example of such a statement is that of a department store credit account or Master Card billing statement.

statement of account
Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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