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Periodic Statement

 
Banking Dictionary: Periodic Statement

Billing summary listing account activity, mailed at regular intervals, usually monthly. A credit card account statement shows new purchases and cash advances during the previous Billing Cycle, the Minimum Payment and Periodic Rate on unpaid balances. See also Country Club Billing; Descriptive Statement.

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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more