statement
STAYT-ment
/ˈsteɪtmənt/
A formal account of financial transactions and the balance of an account over a period of time.
Can also refer to a declaration or assertion. In finance, it's a specific document.
The story behind the word. The word 'statement' comes from the Old French 'estatement', meaning 'a declaration'. This traces back to the Latin 'stare', meaning 'to stand'. A statement is essentially something that 'stands' as a formal declaration or record, making it a reliable account of financial activity.
Word relationships
- report: A report is a general account of something; a statement is a specific, often formal, financial document.
- record: A record is any piece of documented information; a statement is a compiled record over time.
Word family
- state (verb): to express something definitely or clearly.
Collocations
- bank statement
- account statement
- monthly statement
- financial statement
- credit card statement
Example sentences
- "She reviewed her bank statement every month to track her spending and ensure accuracy." Reviewing monthly finances.
- "The company released a public statement addressing the recent controversy." A public declaration.
Memory hook
A STATEMENT STATES all the details of your account clearly. STATES details
When not to use
Do not use 'statement' when you mean a casual remark or a simple question.
Fun facts
- The word 'state' itself, meaning a condition or a political entity, also shares the same Latin root 'stare'.
Related words
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