Total New Balance definition

Total New Balance means the previous balance and total purchases of goods and/or services, cash withdrawals incurred by the Cardmember for which Maybank has purchased the Sales Drafts and Cash Withdrawal Drafts including any fees and charges charged by Maybank less any payment made by the Cardmember and credited to the Credit Card Account during the Billing Period;
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Total New Balance refers to the previous balance and total purchases of goods and/or Services, Cash Withdrawals incurred by the Cardmember for which the Bank has purchased the Sales Drafts and Cash Withdrawal Drafts including any fees and charges charged by the Bank less any payment made by the Cardmember and credited to the Card Account during the Billing Period;
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Total New Balance means, in the context of a Billing Period and at any point in time during that Billing Period, the sum of: i) any balance remaining unpaid from previous Billing Periods; and ii) the total amount resulting from purchases of goods and/ or services, or Cash Withdrawals made by the Cardmember, using the Credit Card including any fees and charges charged by us, up to such point in time, less any payment made by you and credited to the Credit Card Account during the Billing Period at such point in time; For Prompt Repayment in 12/12 months 1.25% 15% For Prompt Repayment in 10/12 months 1.42% 17% For Prompt Repayment in fewer than 10/12 months 1.50% 18% Cash Advance (calculated on a daily basis) 1.50% 18%
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Examples of Total New Balance in a sentence

  • You may pay more frequently, pay more than the minimum payment or pay the Total New Balance in full.

  • The minimum payment is 2% of your Total New Balance, or $20.00, whichever is greater, plus the amount of any prior minimum payments that you have not made, and any amount you are over your credit limit.

  • You may, of course, pay more frequently, pay more than the Minimum Payment, or pay the Total New Balance in full, and you will reduce the FINANCE CHARGE by doing so.

  • You may, of course, pay more frequently, pay more than the minimum payment, or pay the Total New Balance in full.

  • In addition, at any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess upon our demand.

  • Each month, if your outstanding balance exceeds $1, we will send you a statement showing new purchases, cash advances, payments, and credits made to your Account during the billing period, your Previous Balance, your "Total New Balance," any Interest Charge, and any other charges.

  • The minimum payment is 3% of your Total New Balance, or $25, whichever is greater.

  • If at any time your Total New Balance exceeds your Credit Line, you must immediately pay the excess upon our demand.

  • You may pay more frequently, pay more than the minimum payment, or pay the Total New Balance in full.

  • The statement will show your Previous Balances of Purchases, the current transactions on your account, the remaining credit available under your Credit Line, the New Balance of purchases, the Total New Balance, the FINANCE CHARGES due date, any other billed fees, and the Minimum Payment required.


More Definitions of Total New Balance

Total New Balance means the “new balance” set out on the front of the Account statement.
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Total New Balance means the total billed amount as of the closing date of a ▇▇▇▇- ing cycle. As shown on your monthly statement, we start with the total balance at the beginning of the billing cycle, which is the “Previous Balance.” Then we subtract payments and credits. Then we add Purchases and interest charges.
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Related to Total New Balance

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Original Balance means, with respect to any Receivable coming into existence after the Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case held by the Parent and its Consolidated Subsidiaries.