The statement is generally correct. A trapezoid (or trapezium, depending on the region) is defined as a four-sided figure (quadrilateral) with at least one pair of opposite sides that are parallel. In some regions, such as the United States, the term "trapezoid" typically refers to a quadrilateral with exactly one pair of parallel sides, while in other regions, like the UK, "trapezium" refers to this shape, and "trapezoid" refers to a quadrilateral with no parallel sides.
Thus, while the definition provided captures the essence of a trapezoid, it's worth noting the variations in terminology based on regional differences.