Periodic Statement

A periodic statement is a regular summary provided by financial institutions detailing the transactions and activities within a specific account over a set period. This statement includes information such as account balances, deposits, withdrawals, fees, interest earned, and any other relevant transactions. Credit card statements also show the minimum payment due, applicable interest charges, and due date. 

Loan management software can generate such periodic statements to help account holders monitor their financial activity, identify discrepancies, and manage their finances effectively.