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Historical financial statement. A financial statement (or financial report) is a formal record of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form easy to understand.istorical financial statement. A financial statement (or financial report) is a formal record of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form easy to understand.
2 a declaration or objection that is formal or solemn 3 an expression of disagreement or complaint without a squeak of protest 4 banking finance a a formal notarial statement drawn up on behalf of a creditor and declaring that the debtor has dishonoured a bill of exchange or promissory note