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 information about adjusted balance method:
- Adjusted Balance Method Definition | Investopedia
A finance/accounting method where costs are based on the amount(s) owing at the end of the current time period (once credits and payments are posted).
- What is adjusted balance method? definition and meaning
Definition of adjusted balance method: A technique for calculating finance charges (such as in a bank account, charge account, or credit card account) based on ...
- Adjusted Balance Method Definition & Example | InvestingAnswers
We explain the definition of Adjusted Balance Method, provide a clear example of how it works and explain why it's an important concept in business, finance ...
- Adjusted Balance Method - Credit / Debt Management - About.com
The adjusted balance method of calculating your finance charge uses your previous balance less any payments and credits made during the billing cycle.
- Adjusted Balance Method - Financial Dictionary - The Free Dictionary
Method of calculating finance charges that uses the account balance remaining after adjusting for all transactions posted during the given billing period as its ...
- Adjusted-Balance Method - Financial Dictionary - The Free Dictionary
Method of calculating finance charges that uses the account balance remaining after adjusting for all transactions posted during the given billing period as its ...
- Adjusted Balance Method: Definition from Answers.com
formula for calculating finance charges based on account balance remaining after adjusting for payments and credits posted during the billing period.
- Adjusted Balance Method | eHow.com
Adjusted Balance Method. An interest rate is not everything there is to know about how interest and charges are earned or levied on an account. Beyond the ...