Previous Balance definition

Previous Balance means the total outstanding balance due for payment carried from the previous “Billing Cycle” which may consist of “Retail Purchase”, “Cash Advance”, “Finance Charges” and/or fees.

Previous Balance. The balance of your Account at the beginning of a Billing Cycle. This will be the same as the “New Balance” shown on your previous bill.

Previous Balance means the outstanding unpaid balance on the Account at the beginning of the Billing Cycle.

Examples of Previous Balance in a sentence

• As further explained below, to calculate the Minimum Payment Due for each billing statement, we use: ● the New Balance, ● any Amount Above the Credit Limit, ● the Previous Balance, ● any Interest Charged, ● any Penalty Fees, and ● any Past Due Amount.

• Your Previous Balance is $6,000, Credit Limit is $5,000, Payments shown are $750.

• Also, we will not charge interest on purchases on a statement if the Previous Balance on that statement is zero or a credit balance.

• Credit purchases made during the statement period and the Previous Balance will be excluded from the calculation of the “average daily balance” if the Previous Balance shown on the front of the statement was paid in full prior to the Closing Date of the statement.

• Holder shall pay Interest Charges as shown on Holder’s monthly statements, for each billing period in which there is a cash advance or the Previous Balance is not paid in full prior to the Closing Date of the billing statement.

More Definitions of Previous Balance

Previous Balance means the balance carried over from my previous Statement of Account.

Previous Balance means the outstanding balance owed Bank by Company under the Agreement under the Account statement last provided Company by Bank.

Previous Balance means the balance of your Account at the beginning of a Billing Cycle, which is the same amount as that shown on the “New Balance” on your Monthly Billing Statement for the immediately preceding Billing Cycle.

Previous Balance means the Total Amount Due which was due for payment and carried from the previous “Billing Cycle” and may comprise of Card Transactions.

Previous Balance means the total outstanding balance due for payment carried from the previous “Billing Cycle” which may consist of “Retail Purchase”, “Cash Advance”, “Finance Charges” and/or fees. 1.25 “Principal Cardholder” means the person who applies to the “Bank” for issuing one “Card” or more, and in whose name the “Card Account” was first opened and maintained. Under this Agreement, the “Principal Cardholder” is liable to pay to the “Bank” all the amounts debited to the “Card Account” even if generated by the “Supplementary Cardholder”.

Previous Balance means the balance carried over from my previous SOA. “Statement Date” means the date when the statement is generated.

Previous Balance means the amount owing on the Account at the beginning of a Billing Cycle, (which is the same amount as the New Balance as of the Closing Date of the preceding Billing Cycle). The Previous Balance is shown on the Statement for such Billing Cycle.