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Past-due balance method

A technique for calculating Finance charges (such as in a bank Account, charge Account, or Credit card account) in which no Interest is charged if the Balance is Paid off within a certain time period.

Related Terms: 11 Account, Balance, Charge, Credit card, Car, Credit, Finance, Finance charge, FIN, Interest, Paid
Other Related Pages: Category: Lending_and_Credit Starting With: P
Semi Related Terms: 505 CLICK HERE TO VIEW
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issues, Benchmark interest rate, Bureau of Public Debt, Brought over the wall, Buy the book, Basic earnings per share, Balance of payments, Bank Rate, Base interest rate, Base period, Board of Governors, Breaking the syndicate, Bill of exchange, Bill of sale, Breach of trust, By the book, Bank term loan, Business credit, Business finance companies, B shares, Blackout period, Behavioral finance, Blow-off top, Breadth-of-market theory, Beat the gun, Capitalized interest, Charge, Contra account, Cost Of Goods Sold, Cost of sales, Credit order, Central assets account, Checking account, Commercial bank, Compensating balance, Compound interest, Consumer bank, Credit card, Credit union, Custodial account, Certificate of Participation, Credit analyst, Credit risk, Cash account, Code of procedure, Credit balance, Capitalization of income, Capital account, Cost of Living Adjustment, Cost-of-living index, Council of Economic Advisers, Credit squeeze, Current account, Car, Carrying charge, Chasing the market, Chicago Board of Trade, Cost-of-living rider, Credit insurance, Credit life insurance, Certificate of stock, Cost of carry, Certificate of title, Contract for deed, Cancellation of debt, Cash credit, Certificate of Claim, Charge card, Closed-end credit, Commercial credit, Commercial finance, Consumer credit, Consumer interest, Cost of debt capital, Cost of funds, Credit, Credit agency, Credit default swap, Credit derivative, Credit enhancement, Credit limit, Credit line, Credit score, Cure period, Contingent deferred sales charge, C shares, Class of options, Close to the money, Credit spread, Certificate of Occupancy, Cash-balance plan, Cash or Deferred Arrangement, Class A Shares, Class B Shares, Crash of 1929, Crash of 1987, Child and dependent care credit, Coefficient of determination, Certificate of delivery, Close a position, Cornering the market, Curbs in, Declining balance method, Deferred charge, Deferred credit, Double-declining balance depreciation method, Dealer bank, Debit card, Deposit in transit, Drawing account, Date of issue, Date of payment, Deferred interest bond, Discretionary account, Division of Enforcement, Division of Investment Management, Division of Market Regulation, Date of record, Distribution period, Dividend in arrears, Desk (the), Division of labor, Doing business as, Durable Power of Attorney, Date of maturity, Debit balance, Debtor in possession, Debtor-in-possession financing, Deed of Release, Deed of Trust, Discharge of bankruptcy, Discharge of lien, Deep in the money, Deep out of the money, Deed of Surrender, Department of Housing and Urban Development, Deferred account, Dogs of the Dow, Depth of market, Effective annual interest rate, Eurodollar certificate of deposit, Exact interest, Either-or order, E-mini, Exchange for futures, Exchange for physical, Exchange of spot, European Central Bank, Export-Import Bank, Explicit interest, Expiration time, Employee Retirement Income Security Act of 1974, Earned income tax credit, Education credit, First In First Out, Fixed-charge coverage ratio, Form 10-Q, Frozen account, Finance, Flow of funds, Fictitious credit, Fill or kill, Front-ending an order, Forward P/E, Fully diluted earnings per share, Factors of production, Favorable balance of trade, Federal Reserve Bank, Fee-for-service, Form 8-K, Form S-1, Fair Credit Reporting Act, Finance charge, Finance company, Forward interest rate, Full faith and credit, Family of funds, Fund of funds, Flexible spending account, Free right of exchange, Federal ID Number, FIN, General account, G-7, G-8, Grace period, Gather in the stops, Hart-Scott-Rodino Act of 1976, Hit the bid, House account, House of issue, High-tech stock, Holder in due course, High credit, Home equity line of credit, Holding period, Hope credit, Hammering the market, Held at the opening, Holding the market, Inactive account, Insured account, Interest-bearing, In escrow, Interest rate collar, Interest rate risk, Interest rate swap, In-house, Investment Advisor Act of 1940, Investment bank, Investment Company Act of 1940, In line, Interest rate futures, Insurable interest, Insider Trading sanctions Act of 1984, Interest, Interest expense, Internal Rate of Return, Indication of interest, In intestacy, Inter vivos trust, Impaired credit, Imputed interest, Interest deduction, Interest-only loan, Interest rate, Interest rate cap, Interest rate ceiling, Interest rate floor, In play, In-process research and development, Interest rate option, I/O strip, Inchoate interest, Interest-only strip, In-service withdrawal, Imbalance of orders, In and out, In sympathy, In the tank, Joint account, Jumping the gun, Last In First Out, Lender of last resort, Law of one price, Lending at a rate, Law of demand, Law of supply, Loose credit, London Inter-Bank Offer Rate, Letter of comment, Lockup period, Line of credit, Lock-in, Leading the market, Lifetime learning credit, Locked in, Long-term gain or loss, Level I quotes, Member bank, Money center bank, Mutual Savings Bank, Make a market, Managed account, Margin account, Market if touched order, Merchant bank, Medium of exchange, Money at call, Mortgage interest deduction, Mixed account, Net interest margin, National Bank, National Credit Union Administration, Negotiable certificate of deposit, Negotiable Order of Withdrawal, Nostro account, Non-interest-bearing note, Notice of Sale, National Association of Securities Dealers, National Association of Securities Dealers Automated Quotations system, No limit order, No quote, Notice period, No-Fault, No-Action Letter, No-lien affidavit, Non-revolving credit card, Notice of Default, No-load, National Association of Real Estate Investment Trusts, No-load stock, No book, Off-balance-sheet financing, Off the books, One time charge, Office of Thrift Supervision, Ordinary interest, Out-of-favor, Over-the-Counter, Off-floor order, Option account, Or better, Omnibus account, Open interest, Opinion of title, On account, On-the-spot 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