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Statement Period
The length of time covered by a bank or credit card statement, typically one month, used to determine which transactions are displayed.
More Details
The statement period is the period of time covered by a bank or credit card statement. It is the time between the last statement and the current statement.
Example
You receive a credit card statement that covers the period of time from May 1st to May 31st. The statement period is May 1st to May 31st.
Related Terms
Late Fee
A penalty charged by a lender to a borrower who fails to make their required minimum payment on time.
Personal Banking
A type of banking that provides financial services to individuals, such as checking and savings accounts, loans, and investment management.
eStatements
An electronic version of a bank or credit union statement, which is a summary of an individual's account activity and current balance.