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Previous balance method
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. Charges in the current billing period are not included. Interest charges are usually higher under this method than under other methods, such as adjusted balance, and Average daily balance methods.
Related Terms: 20
Account , Average daily balance , Average daily balance method , Average , Balance , Bill , Charge , Credit card , Car , CLU , Credit , Finance , Finance charge , FIN , High , Interest , Inc. , Interest rate , Outstanding , Rent
Semi Related Terms: 681 CLICK HERE TO VIEW
10-Q ,
10-K ,
52-week high ,
Account ,
Account statement ,
Adjusted balance method ,
Adjusted basis ,
Allowance for depreciation ,
Average accounting return ,
Average collection period ,
Account aggregation ,
Account balance ,
Active account ,
Adjustable rate ,
Alternate account ,
Asset management account ,
Average daily balance ,
Average daily balance method ,
Accrual of discount ,
Accrued interest ,
Amortization of premium ,
At par ,
Account executive ,
All or any part ,
At best ,
At call ,
Average equity ,
Adjustable rate preferred stock ,
Adjusted futures price ,
All-risks coverage ,
At risk ,
Add-on service ,
Abstract of title ,
Action to quiet title ,
As is ,
Assignment to creditors ,
Attorney in fact ,
Adjustable Rate Mortgage ,
Advance rate ,
Annual Percentage Rate ,
Applicable federal rate ,
Asset-based finance ,
Assignment of mortgage ,
Average life ,
A shares ,
Assets under management ,
Average price per share ,
At the money ,
Average option ,
Absorption rate ,
Age-weighted plan ,
Annuity factor method ,
Average contribution percentage ,
Across the board ,
Additional paid-in capital ,
Average ,
Average daily volume ,
Average down ,
Average up ,
Adoption credit ,
Ad valorem ,
Against the box ,
At the bell ,
At the close ,
At the figure ,
At the full ,
At the market ,
At the opening order ,
Automated Pricing and Reporting System ,
Away from the market ,
Balance ,
Below the line ,
Billing cycle ,
Books of final entry ,
Books of original entry ,
Book value per share ,
Burn rate ,
Bank credit ,
Banking Act of 1933 ,
Benchmark interest rate ,
Bid-to-cover ratio ,
Bill ,
Bill pass ,
Bureau of Public Debt ,
Brought over the wall ,
Buying on margin ,
Buy on close ,
Buy on opening ,
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 ,
Bailing out ,
Base rate ,
Blended rate ,
Broker loan rate ,
Business credit ,
Business finance companies ,
Back-end load ,
B shares ,
Buy and write ,
Blackout period ,
Behavioral finance ,
Break-even tax rate ,
Breadth-of-market theory ,
Beat the gun ,
Capitalized interest ,
Charge ,
Contra account ,
Cost Of Goods Sold ,
Cost of sales ,
Credit order ,
Current debt ,
Current liabilities ,
Central assets account ,
Checking account ,
Compensating balance ,
Compound interest ,
Credit card ,
Credit union ,
Current income ,
Custodial account ,
Certificate of Participation ,
Committee on Uniform Securities Identification Procedures ,
Coupon rate ,
Credit analyst ,
Credit risk ,
Current coupon bond ,
Current issue ,
Current market value ,
Current maturity ,
Current production rate ,
Current yield ,
Call money rate ,
Cash account ,
Closed out ,
Code of procedure ,
Credit balance ,
Capitalization of income ,
Capitalization rate ,
Cap rate ,
Capital account ,
Civilian unemployment rate ,
Cost of Living Adjustment ,
Cost-of-living index ,
Council of Economic Advisers ,
Credit squeeze ,
Current account ,
Current dollars ,
Car ,
Carrying charge ,
Cash and carry trade ,
Chasing the market ,
Cheapest to deliver ,
Chicago Board of Trade ,
Current delivery ,
CLU ,
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 ,
Cash-out refinancing ,
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 ,
Crowding out ,
Cure period ,
Closed-end fund ,
Closed-end investment company ,
Contingent deferred sales charge ,
C shares ,
Class of options ,
Close to the money ,
Credit spread ,
Certificate of Occupancy ,
Cloud on title ,
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 ,
Cup and handle ,
Certificate of delivery ,
Close a position ,
Close out ,
Cornering the market ,
Curbs in ,
Curbs out ,
Days Sales Outstanding ,
Declining balance method ,
Deferred charge ,
Deferred credit ,
Double-declining balance depreciation method ,
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 ,
Do Not Reduce ,
Date of record ,
Distribution period ,
Dividend in arrears ,
Dividend rate ,
Desk (the) ,
Discount rate ,
Division of labor ,
Daily trading limit ,
Dow Jones Industrial Average ,
De-escalation clause ,
De facto ,
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 ,
Due-on-sale clause ,
Deep in the money ,
Deep out of the money ,
Deed of Surrender ,
Department of Housing and Urban Development ,
Deferred account ,
Dogs of the Dow ,
Daily high ,
Daily low ,
Depth of market ,
Due bill ,
Effective annual interest rate ,
Eurodollar certificate of deposit ,
Exact interest ,
Escrowed to maturity ,
Either-or order ,
Exchange rate ,
Economic growth rate ,
E-mini ,
Exchange for futures ,
Exchange for physical ,
Exchange of spot ,
Effective tax rate ,
Ex-all ,
Explicit interest ,
Economic rent ,
Employee Retirement Income Security Act of 1974 ,
Earned income tax credit ,
Education credit ,
First In First Out ,
Fixed-charge coverage ratio ,
Form 10-Q ,
Federal Savings and Loan Association ,
Frozen account ,
Finance ,
Flight to quality ,
Floating-rate bond ,
Flow of funds ,
Fictitious credit ,
Fill or kill ,
Front-ending an order ,
Floating exchange rate ,
Foreign exchange rate ,
Forward exchange rate ,
Forward P/E ,
Fully diluted earnings per share ,
Factors of production ,
Favorable balance of trade ,
Federal Reserve Discount Rate ,
Fee-for-service ,
Front-end load ,
Form 8-K ,
Form S-1 ,
Friends and family offering ,
Fair Credit Reporting Act ,
Finance charge ,
Finance company ,
Fixed rate ,
Fixed-rate loan ,
Fixed-Rate Mortgage ,
Floating rate ,
Forward interest rate ,
Forward Rate Agreement ,
Full faith and credit ,
Family of funds ,
Fund of funds ,
Free and clear ,
Flexible spending account ,
Free right of exchange ,
FIN ,
General account ,
G-7 ,
General Agreement on Tariffs and Trade ,
G-8 ,
Grace period ,
Growth and income fund ,
Gather in the stops ,
High-grade bond ,
High yield ,
Hart-Scott-Rodino Act of 1976 ,
Hit the bid ,
House account ,
House of issue ,
Health Insurance Portability and Accountability Act ,
High ,
High-flyer ,
High-tech stock ,
Holder in due course ,
Hang out loan ,
High credit ,
High-ratio mortgage ,
Home equity line of credit ,
Holding period ,
Hope credit ,
Head and shoulders ,
High-low index ,
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 ,
Investment bill ,
In-house ,
Investment Advisor Act of 1940 ,
Investment Company Act of 1940 ,
In line ,
Inflation rate ,
Interest rate futures ,
Interbank Rate ,
Insurable interest ,
Insider Trading sanctions Act of 1984 ,
Interest ,
Interest expense ,
Internal Rate of Return ,
Indication of interest ,
Inc. ,
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 ,
Jointly and severally ,
Jumping the gun ,
Joint and several liability ,
Just title ,
Joint and survivor annuity ,
Knock-out option ,
Last In First Out ,
Lender of last resort ,
Law of one price ,
Lending at a rate ,
Limit-on-close order ,
Local bill ,
Law of demand ,
Law of supply ,
Loose credit ,
London International Financial Futures and Options Exchange ,
London Inter-Bank Offer Rate ,
Letter of comment ,
Lockup period ,
Legal age ,
Line of credit ,
Loan-to-cost ,
Loan-to-value ,
Lock-in ,
Load-adjusted return ,
Life expectancy method ,
Leading the market ,
Lifetime learning credit ,
Locked in ,
Long-term gain or loss ,
Level I quotes ,
Make a market ,
Managed account ,
Margin account ,
Margin rate ,
Market on close order ,
Mark-to-market ,
Medium of exchange ,
Marginal propensity to consume ,
Market rate ,
Money at call ,
Mortgage interest deduction ,
Mortgage rate ,
Mill rate ,
Moving Average Convergence/Divergence ,
Mixed account ,
Net current assets ,
Net interest margin ,
National Credit Union Administration ,
Negotiable certificate of deposit ,
Negotiable Order of Withdrawal ,
Nostro account ,
Nominal rate ,
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 ,
Null and void ,
No-lien affidavit ,
Non-revolving credit card ,
Notice of Default ,
No-load ,
National Association of Real Estate Investment Trusts ,
Normal retirement age ,
No-load stock ,
New high ,
No book ,
Off-balance-sheet financing ,
Off the books ,
One time charge ,
Other current assets ,
Other long term liabilities ,
Office of Thrift Supervision ,
Ordinary interest ,
Out-of-favor ,
Outstanding ,
Over-the-Counter ,
On-floor order ,
On margin ,
Option account ,
Or better ,
Other income ,
Operating rate ,
Omnibus account ,
Open interest ,
Opinion of title ,
On account ,
On-the-spot loan ,
Open-end credit ,
Open-end mortgage ,
Original principal balance ,
Open-end fund ,
Open-end management company ,
Out of the money ,
Open-end lease ,
Old age, survivors, and disability insurance ,
On-balance volume ,
On close ,
On open ,
On the opening ,
Pooling of interests ,
Pre-depreciation profit ,
Pre-tax profit margin ,
Profit and loss statement ,
Pass-through coupon rate ,
Payment-in-kind security ,
Price Value of a Basis Point ,
Payment for order flow ,
P&L ,
Primary earnings per share ,
Provision for income taxes ,
Pre-existing conditions ,
Per stirpes ,
Power of Attorney ,
Past-due balance method ,
Personal interest ,
Prepaid interest ,
Previous balance method ,
Prime rate ,
Principal balance ,
Prioritization of debt ,
Prime rate fund ,
Paid-in capital ,
Paid-in surplus ,
Payback period ,
Pre-syndicate bid ,
Private Investment in Public Equity ,
Preservation of capital ,
Point-and-figure chart ,
Painting the tape ,
Priced out ,
Quiet period ,
Reports and Records ,
Retention rate ,
Return of capital ,
Return on Capital ,
Return on Invested Capital ,
Return on Total Assets ,
Risk adjusted return ,
Run rate ,
Real interest rate ,
Regulation Q ,
Rate covenant ,
Reading the tape ,
Regulation D ,
Regulation G ,
Regulation T ,
Regulation U ,
Restricted account ,
Round of funding ,
Rules of Fair Practice ,
Rate of exchange ,
Reciprocal of European terms ,
Real economic growth rate ,
Red herring ,
Regulation A ,
Reverse Take-Over ,
Right of first refusal ,
Right of rescission ,
Right to Know ,
Rate-improvement ,
Rate lock ,
Remaining principal balance ,
Renegotiable rate ,
Revolving line of credit ,
Right of recourse ,
Rule of 78 ,
Redemption period ,
Rent ,
Rent control ,
Right of redemption ,
Retirement Equity Act of 1984 ,
Return on Capital Employed ,
Rate of return ,
Real rate of return ,
Selling, General and Administrative Expenses ,
SG&A ,
Sales charge ,
Savings account ,
Savings and Loan ,
Sight letter of credit ,
Simple interest ,
S&L ,
Securities and Exchange Commission ,
Spot rate ,
Segregation of securities ,
Sell the book ,
Sweep account ,
Savings rate ,
Standard of living ,
Swap rate ,
Second-to-die insurance ,
Separate account ,
Short interest ,
Short interest ratio ,
Severally but not jointly ,
Statute of Limitations ,
Sale and leaseback ,
Satisfaction of debt ,
Secured credit card ,
Security interest ,
Start rate ,
Structured finance ,
Staggered board of directors ,
Selling the spread ,
Savings Incentive Match Plan for Employees ,
Self-directed retirement account ,
Surrender charge ,
Split-adjusted price ,
Selling short against the box ,
Shorting against the box ,
S Corporation ,
Short-term gain or loss ,
Standard mileage rate ,
Subchapter M ,
Subchapter S Corporation ,
Simple moving average ,
Schedule C ,
Securities Act of 1933 ,
Securities Acts Amendments of 1975 ,
Securities Exchange Act of 1934 ,
Seek a market ,
S&P phenomenon ,
Stop and reverse ,
Stopped out ,
Times interest earned ,
Total assets ,
Total cost ,
Trial balance ,
T-Bill ,
Term to maturity ,
Treasury Bill ,
Take a position ,
Total return ,
Trailing P/E ,
Take delivery ,
Total asset turnover ,
Total return index ,
Tenancy by the entirety ,
Teaser rate ,
TED spread ,
Truth in Lending ,
Tenancy at will ,
Top hat plan ,
The Street ,
Timing the market ,
Taxpayer Relief Act of 1997 ,
Tax Reform Act of 1986 ,
Tax Reform Act of 1993 ,
Top out ,
Take a bath ,
Take profits ,
U.S. Government Agency Security ,
U.S. Savings Bond ,
U.S. Treasury ,
U.S. Treasury Bill ,
U.S. Treasury Bond ,
U.S. Treasury Note ,
U.S. Treasury Securities ,
Undermargined account ,
Unemployment rate ,
Unearned interest ,
Unified Tax Credit ,
Unit of trade ,
Unit of trading ,
Variable rate ,
Vesting period ,
With interest ,
Wrap account ,
Waiver of premium ,
Widow-and-orphan stock ,
When, as, and if issued ,
X or XD ,
Year-To-Date ,
Yield to call ,
Yield to maturity ,
Yield to worst ,
Y shares