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Balance sheet

• Summary statement of the firm's financial position at a given point in time.

• A summary of the assets, liabilities and owner equity at a defined moment in time

• A company's financial statement that reports its Assets, Liabilities, and Shareholders' Equity on a given date. Liabilities always equal assets, hence the name balance sheet. It is issued annually and quarterly.

• The balance sheet of the Bank shows assets and liabilities. Assets include cash and equivalents, securities held, and loans. Liabilities include deposits, purchased funds, long-term debt and equity.

• Also called the statement of financial condition, it is a summary of the assets, liabilities, and owners' equity.

 
 Embedded terms in definition
 Assets
Cash and equivalents
Cash
Debt
Equity
Financial statement
Held
Its
Liabilities
Point
Position
Securities
Shareholders' equity
Time
 
 Related Terms
 

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