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Finance Dictionary and Glossary of Investment Terms
Statement of condition
A document describing the status of assets, liabilities, and equity of a person or business at a particular time.
A quantitative summary of a company's financial condition at a specific point in time, including assets, liabilities and net worth. The first part of a balance sheet shows all the productive assets a company owns, and the second part shows all the financing methods (such as liabilities and shareholders' equity). also called balance sheet.