Meaning Adjusted balance
What does Adjusted balance mean? Here you find 5 meanings of the word Adjusted balance. You can also add a definition of Adjusted balance yourself
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Adjusted balanceThe adjusted balance method is a formula many card issuers use to calculate monthly payments. Issuers subtract payments made during the month on a credit card account, along with adding finance charges incurred.
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Adjusted balanceDefinition noun
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Adjusted balanceThe issuer calculates a balance by subtracting payments or credits received during the current billing period from the balance at the end of the previous billing period.
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Adjusted balanceAdjusted balance is a method used to calculate monthly finance charges, usually on a revolving credit card account. The formula uses the end-of-period account balance, after all credits have been post [..]
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Adjusted balanceThe balance that remains when all payments made during a billing cycle are subtracted from the balance from the previous billing cycle. This balance does not include finance charges for the current bi [..]
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