account-statement

Vocabulary Word

Definition

'Account statement' is a summary provided by your bank or financial provider. It details your transactions, like the money you've put in or taken out, over a specific period.

Examples in Different Contexts

In retail banking, an 'account statement' is a periodic summary of account transactions, balances, and fees. A customer service rep might explain, 'Your account statement provides a detailed record of your financial activity over the past month.'

Practice Scenarios

Tech

Scenario:

User interface for the banking app is gaining positive feedback. Now, let's enhance its features further.

Response:

One of the features we could add is an option for users to export their account statement as a PDF.

Sustainability

Scenario:

Our green policies align well with our corporate philosophy. Let's increase our investment in sustainable ventures.

Response:

Our account statement shows that we have enough funds to invest in a solar energy project.