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. In this method the charges to be paid are only for the amount outstanding after the grace period. For example, if a credit card holder pays $75 of the $100 the card was used for within the 15 day grace period, charges are incurred only on the remaining $25.
Related information about past-due balance method:
- Past Due Balance Method Definition | Investopedia
The past due balance method is used by credit companies whereby credit card holders have until a specified date to pay balances off before beginning to ...
- What is past-due balance method? definition and meaning
Definition of past-due balance method: A technique for calculating finance charges (such as in a bank account, charge account, or credit card account) in which ...
- Past-Due Balance Method Definition & Example | InvestingAnswers
We explain the definition of Past-Due Balance Method, provide a clear example of how it works and explain why it's an important concept in business, finance ...
- Past Due Balance Method - Financial Dictionary - The Free Dictionary
A method for calculating financial charges that charges no interest on a balance as long as that balance is paid off within a pre-determined time period; the ...
- Past Due Balance Method: Definition from Answers.com
Past Due Balance Method A finance/accounting method that bases costs (and interest) on the amounts owing that are past due.
- Personal Finance: Money 101: Glossary
Related: Average daily balance method, previous balance method, past due balance method. Adjusted basis. Price from which to calculate and derive capital ...
- Company Name Street Address PAST DUE City State Zip Phone ...
Mar 4, 2011 ... Due Balance, Past Due, Balance Method, due date, Due Accounts, collection agency, Bursar's Office, Credit cards, account number, Personal ...
- Past Due Balance Notice 1 - DOC
Mar 4, 2011 ... Due Balance, Past Due, Balance Method, due date, Due Accounts, collection agency, Bursar's Office, Credit cards, account number, Personal ...