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

For credit card accounts, the 'account statement' lists purchases, payments, and interest charges. A credit card manager might inform, 'Reviewing your monthly account statement can help you keep track of spending and manage debt.'

Practice Scenarios

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.

Accounting

Scenario:

Reported earnings fell short of projections this year. We need to manage our resources more wisely.

Response:

Based on our account statement, we should revise our budget to cut unnecessary expenses.