Examples of Purchase Balance in a sentence
This gives us the average daily balance of your Purchase Balance during the billing period.
On any Distribution Date after the last day of any Collection Period as of which the Pool Balance is equal to or less than the Optional Purchase Balance, the Servicer shall have the option to purchase (and/or designate one or more other Persons (other than the Seller or its consolidated subsidiaries and parent companies) to purchase) the Grantor Trust Collateral.
To get the “Average Daily Balance” of Purchases, we take the beginning Purchase Balance of your Account each day, add any new Purchases, and subtract any unpaid interest or other finance charges and any payments or credits applied to your Purchase Balance.
Your payments when paid during the billing cycle will be applied to any amounts outstanding at the time it is received in the following order: Outstanding Finance Charges and Fees, remaining Purchase Balance, remaining Cash Advance Balance.
The Cardholder shall retain, for verification by the monthly billing statements sent to the Cardholder, copies of each charge ticket, slip, or other evidence of a transaction obtained in connection with each Purchase, Balance Transfer, Cash Advance, or other transaction on the Account.
The Periodic Rate for your Purchase Balance is the Purchase Standard Rate, unless the Delinquency Rate applies as described below.
The fee will be charged after the third day and added to your Purchase Balance.
Charges include (but are not limited to) any Purchase, Balance Transfer, Cash Advance or Convenience Check in which you have evidenced an intent to incur a Charge, regardless of whether you have signed a charge form.
The daily percentage rate is the applicable APR divided by 365.Information on any APR is available on request.Interest free periodAn interest free period may apply to the Retail Purchase Balance.
Charges included (but not limited to) any Purchase, Balance Transfer, Cash Advance or Convenience Check in which you have evidenced intent to incur a Charge, regardless of whether you have signed a charge form.