Mortgages Analyzed
Mortgages Analyzed
Mortgages Analyzed
 
Account Statement

What is Account Statement?

Definition
Account Statement is a periodic statement of an account held at a financial institution detailing financial transactions, account balances, interest rate changes, and other financial events occurring in a given period of time.
What It Means
Account statements can be for checking accounts, savings accounts, certificate of deposit accounts, IRA accounts, money market accounts, brokerage accounts and other accounts. Bank statements are used for document the assets of the borrower and to identify any unusual activity such as large deposits and withdrawals, servicing of undisclosed debt, etc.
Category
Document

Related Terms

  • Bank Statement: Bank Statement is a periodic statement detailing financial transactions, account balances, interest rate changes, and other financial events occurring... Read More
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