Adjusted balance
Definition
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 Other terms related to 'Adjusted balance' starting with the letter 'A' Affirmation, Assets, Automated Teller Machines (ATMs), Affinity card, Asset
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