Previous balance method

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Previous balance method

Method of calculating finance charges based on the account balance at the end of the previous month.

Previous Balance Method

An accounting method in which interest owed on a good or service is calculated based on what is owed at the end of the month. Most credit cards calculate cost and interest on top of the balance at the end of the previous month. Payments on instruments that use the previous balance method are due at the beginning of the month.
References in periodicals archive ?
03504 billion against the previous balance of dollars 4.
At Villa, while previous balance sheets were propped up by major sales like Steward Downing and Ashley Young, there was no such knight in shining armour last year.
According to these documents, the Sindesarkhurd Mining Development Project of HZL, which was at an advanced stage of planning for the production of 81 million tonnes of geologically proven ore reserves of zinc, lead and silver, clearly indicated in the previous balance sheets of the company, was not considered in the valuation of Hindustan Zinc Limited during the initial stake sale to Anil Agarwal- run Sterlite Opportunities and Ventures Ltd ( SOVL).
One of the least advantageous is the previous balance method.
Then each new row adds that month's amount to the previous balance (=Previous Balance + Amount).
Customers that have other credit cards and accounts can also choose to transfer their previous balance to their new Discover card.
There has to be a factor that disturbs the previous balance, that sets the decay off.
The company defines a cash-out as any refinancing where the replacement loan balance exceeds the previous balance by 5 percent or more.
Recycling process water can bring fiber fines and fillers into play that change the previous balance, requiring adjustments in applied charges.
If this inner lip isn't set within a very specific height window, a change to the main lip easily upsets the previous balance because of the combined venturi forces from the two separate lip openings.
Incumbent Mayor Patrick Hunter reported receiving $5,626 in contributions to add to a previous balance of $1,430, raised earlier this year.
At this point, several options were considered: 1) maintain the 20/50 DOP/SOE ratio and increase the filler level to absorb more plasticizer, 2) reduce the ACN content below 35%, 3) introduce a more soluble epoxidized soybean oil, 4) reduce the SOE by altering 20/50 DOP/SOE ratio to 30/40 or more, or 5) changing plasticizer(s) to one(s) that might give better values at the 50/20 ratio and not alter our previous balance of properties.