Statement is also called financial statement or financial report. A statement is sent to you every month with an overview of your spendings of the last month, the balance and the minimum payment for that month. It will also show the date the payment is due.
It is important to study the statement well. Here, you can see if the purchases you have done are processed correctly, you can check how much you owe the bank, and you can check how much you need to pay this month and the date you have to pay.
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