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Adjusted balance method

A technique for calculating Finance charges (such as in a bank account, Charge account, or Credit card account) based on the Account balance remaining after adjustments are made for payments and credits during the billing period. Interest charges are usually lower under this method than under other methods, such as Average daily balance and previous Balance methods.

Related Terms: 21 Account, Adjustment, Account balance, Average daily balance, Average, Balance, Bill, Base, Charge, Credit card, Car, Credit, Finance, Finance charge, FIN, Interest, ITS, Low, Owe, Previous balance method, Ring
Other Related Pages: Category: Banking Starting With: A
Semi Related Terms: 495 CLICK HERE TO VIEW
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