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

Additional Related Terms: 10-Q, 10-K, Account, Account statement, Adjusted balance method, Allowance for depreciation, Average collection period, Account aggregation, Account balance, Active account