A bank authorized in a specific state by a state-based charter, with generally the same functions as a national bank.
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Account statement
Account statement In the context of banking, refers to a summary of all balances.
In the context of securities, a summary of all transactions and positions (long and short) between a broke../../finance-glossary/dealer and a client. See also: Option agreement.
Act of state doctrine
Act of state doctrine This doctrine says that a nation is sovereign within its own borders, and its domestic actions may not be questioned in the courts of another nation.
Combined financial statement
Combined financial statement A financial statement that merges the assets, liabilities, net worth, and operating figures of two or more affiliated companies. A combined statement is distinguished from a consolidated financial statement of a company and subsidiaries, which must reconcile investment and capital accounts.