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Account Statement
An official summary of all transactions and activities that occur in an account over the course of a given period of time.
More Details
An account statement is a paper or electronic document that shows a detailed record of all the transactions that have occurred in a financial account over a given period of time, usually one month. Account statements are commonly used for bank accounts, investment accounts, and credit card accounts.
Example
If you have an account at MCU, you’ll receive a statement pertaining to that account that will show you a summary of all transactions in that account over the course of a given period of time.
Related Terms
Account Statement
An official summary of all transactions and activities that occur in an account over the course of a given period of time.
Fixed Rate Loan
A loan with a constant interest rate for the life of the loan, providing the borrower with predictable monthly payments.
Foreclosure
The legal process by which a lender repossesses a property when the borrower fails to make their mortgage payments.