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TeachMeFinance.com Account Statement -- Generally any history of dealings and their outcome on charge or open-account balances in the course of a determined period. In banking, it is a summing up of paid-out checks, deposits made and balance outcomes within a specified duration. Also called a bank statement. In securities transactions, it is a summary of all business operations that gives the position of an account with a broker-dealer agency in terms of both long and short positions. The statement is brought out every quarter but is usually made available monthly at the time of active operation of accounts. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.