Meaning Previous balance method
What does Previous balance method mean? Here you find 5 meanings of the word Previous balance method. You can also add a definition of Previous balance method yourself
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Previous balance methodMethod of calculating finance charges based on the account balance at the end of the previous month.
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Previous balance methodDefinition A technique for calculating finance charges on a credit card account that takes the outstanding balance at the end of the previous billing period and applies the interest rate to that total [..]
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Previous balance methodA method of computing finance charges in which creditors give you no credit for payments made during the billing period
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Previous balance methodPrevious balance method is a means of calculating interest charges on a revolving credit account, such as a credit card. The interest rate is applied to the entire amount outstanding at the start of t [..]
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Previous balance methodMethod of calculating finance charges based on the account balance at the end of the previous month.
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