1. A report issued periodically (usu. monthly) by a bank to a customer, providing certain information on the customer’s account, including the checks drawn and cleared, deposits made, charges debited, and the account balance. — Also termed bank statement. See ACCOUNT(4). [Cases: Banks and Banking 151. C.J.S. Banks and Banking §§ 266–268, 277–278.]
2. A report issued periodically (usu. monthly) by a creditor to a customer, providing certain information on the customer’s account, including the amounts billed, credits given, and the balance due. — Also termed account statement.
