any summary of transaction activity occurring during an accounting period, usually monthly, but sometimes quarterly, or annually.
- 1. Banking.A listing of deposits, withdrawals, checks paid, interest earned, and service charges against an account-called a bankstatement. It is issued monthly, as required by Federal Reserve regulations, to give customers an opportunity to review their financial records and correct any error. Customer account statements may be delivered by mail, or if the customer chooses, by electronic mail (email) message.See also account analysis; combined statement; consolidated financial statement; periodic statement.
- 2. Securities.A record of transactions showing status of an account maintained at a broker-dealer firm, net market value of securities owned, cash and securities positions, and so on. Brokerage statements are issued monthly or quarterly, depending on the level of activity in the account.
In general:any record of transactions and their effect on charge- or open-account balances during a specified period.
Banking:summary of all checks paid, deposits recorded, and resulting balances during a defined period.
Securities:statement summarizing all transactions and showing the status of an account with a broker-dealer firm, including long and short positions.
In general: any record of transactions and their effect on charge or open-account balances during a specified period.
Banking: summary of all checks paid, deposits recorded, and resulting balances during a defined period. Also called a bank statement.
Securities: statement summarizing all transactions and showing the status of an account with a broker-dealer firm, including long and short positions. Such statements must be issued quarterly, but are generally provided monthly when accounts are active. Also, the option agreement required when an option account is opened.
