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Statement Period
The length of time covered by a bank or credit card statement, typically one month, used to determine which transactions are displayed.
More Details
The statement period is the period of time covered by a bank or credit card statement. It is the time between the last statement and the current statement.
Example
You receive a credit card statement that covers the period of time from May 1st to May 31st. The statement period is May 1st to May 31st.
Related Terms
Savings Account
A basic account that securely holds funds for an individual while also allowing them to earn interest on the account balance.
Debt-to-Income Ratio (DTI)
A measure of how much of an individual's monthly income is consumed by debt payments.
Fair and Accurate Credit Transactions Act (FACT Act)
A federal law that aims to protect consumers from identity theft and fraud by providing greater access to and control over their credit information

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