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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
Mobile Payments
A way of making transactions using a mobile device, such as a smartphone or tablet, often made using a mobile payment or banking app.
Insurance
An agreement in which an individual or entity pays a premium to an insurer in exchange for protection against potential losses or damages.
Certificate of Deposit (CD)
A type of savings account that offers a fixed interest rate and a fixed term of deposit, typically ranging from a few months to several years.