Billing Statements

The maximum amount of credit that a bank or other lender will extend to a customer

• Balance

• Credit Limit

• Due Date

• Debit

The amount of money owed on the account

• Balance

• Debit

• Minimum Due

• Late Fee

Date on which an on obligation must be paid

• Minimum Due

• Debit

• Late Fee

• Due Date

An accounting Entry which results in either an increase in assets

• Late Fee

• Balance

• Debit

• Interest Charge

The minimum amount you need to pay on or before the due date

• Minimum Due

• Balance

• Billing Cycle

• Late Fee

The time period between your bill date and the day before your next bill date, usually 30 days

• Due Date

• Billing Cycle

• Minimum Due

• Balance

A charge fine against the client by a company or organization for not paying a bill

• Interest Charge

• Minimum Due

• Late Fee

• Balance

The charge for the privilege of borrowing money, typically expressed as annual percentage rate

• Interest Charge

• Late Fee

• Balance

• Debit