Dictionary of Business Terms: statement of condition
statement of condition
Banking: sworn accounting of a bank's resources, liabilities, and capital accounts as of a certain date.
Finance: summary of the status of assets, liabilities, and equity of a person or a business organization as of a certain date. See also balance sheet.
Dictionary of Finance and Investment Terms: statement of condition
statement of condition
Banking: sworn accounting of a bank's resources, liabilities, and capital accounts as of a certain date, submitted in response to periodic "calls" by bank regulatory authorities.
Finance: summary of the status of assets, liabilities, and equity of a person or a business organization as of a certain date. See also balance sheet.
