Meaning PREVIOUS BALANCE METHOD: Method of calculating finance charges based on the account balance at the end of the previous month
More terms such as Previous balance method in Dictionary P.
- Definition Perquisites:
- Examples Personal benefits, including direct benefits, such as the use of a firm car or expense account for personal business, and indirect benefits, such as up-to-date office decoration previous balance method definition.
- Definition Prepaid Interest:
- Examples An asset account showing interest that has been paid in advance, which is expensed and charged to the borrower's P & L statement previous balance method explain.
- Definition Passive:
- Examples Income or loss from business activities in which a person does not materially participate, such as a limited partnership previous balance method what is.
- Definition Principal:
- Examples 1) The total amount of money being borrowed or lent. (2) The party affected by agent decisions in a principal-agent relationship previous balance method meaning.
- Definition Patent:
- Examples The exclusive right to use documented intellectual property in producing or selling a particular product or using a process for a designated period of time previous balance method abbreviation.