STATEMENT OF ACCOUNT

statement of account. 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, […]