If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.

✨ Enjoy an ad-free experience with LSD+

Legal Definitions - account statement

LSDefine

Law school is a lot like juggling. With chainsaws. While on a unicycle.

✨ Enjoy an ad-free experience with LSD+

Definition of account statement

An account statement is a report that is issued periodically, usually monthly, by a bank or creditor to a customer. It provides information on the customer's account, including the transactions made, charges debited, and the account balance.

  • A bank statement is an example of an account statement. It shows the customer's deposits, withdrawals, and any fees charged by the bank.
  • A credit card statement is another example of an account statement. It shows the customer's purchases, payments made, and any interest charged.

These examples illustrate how an account statement provides a summary of a customer's financial activity within a specific period. It helps the customer keep track of their transactions and monitor their account balance.

A lawyer without books would be like a workman without tools.

✨ Enjoy an ad-free experience with LSD+

Simple Definition

An account statement is a report that a bank or creditor sends to a customer every month. It shows information about the customer's account, like how much money was deposited, how much was spent, and how much is left. For a bank account, it also shows the checks that were written and cashed. For a credit account, it shows how much was charged and how much needs to be paid back. It's an important document to keep track of your finances and make sure everything is correct.

A lawyer is a person who writes a 10,000-word document and calls it a 'brief'.

✨ Enjoy an ad-free experience with LSD+

You win some, you lose some, and some you just bill by the hour.

✨ Enjoy an ad-free experience with LSD+