Statement of Accounts (SOA)
DEFINITION
A statement of accounts is a document that records all transactions between you and a customer during a certain period, including items such as sales and refunds.
ELI5
It is a record showing money activity between two sides, like what was sold, paid, or refunded over a certain time.
Other related terms
Loan-to-Value (LTV) limit
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All Risk Coverage
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Fixed Deposits
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