Previous Balance definition

Previous Balance means the total outstanding balance due for payment carried from the previous “Billing Cycle” which may consist of “Retail Purchase”, “Cash Advance”, “Finance Charges” and/or fees.

Previous Balance. The balance of your Account at the beginning of a Billing Cycle. This will be the same as the “New Balance” shown on your previous bill.

Previous Balance means the outstanding unpaid balance on the Account at the beginning of the Billing Cycle.

Examples of Previous Balance in a sentence

• The balance on which the FINANCE CHARGE is computed is as follows: First, take the Previous Balance at the beginning of the statement period.

• Previous Balance: The sum of all unpaid Purchases, Cash Advances, Balance Transfers, finance charges, late payment fees, and any other fees and charges at the beginning of the billing cycle (it is the same amount that was shown as “New Balance” on the closing date on the statement for the preceding billing cycle).

• We will provide you with a statement every month showing your Previous Balance of purchases and cash advances, the current transactions on your account, the remaining credit available under your Credit Line, the New Balance of purchases and cash advances, the Total New Balance, the finance charge due to date, and the Minimum Payment Required.

More Definitions of Previous Balance

Previous Balance means the balance carried over from my previous Statement of Account.

Previous Balance means the Total Amount Due which was due for payment and carried from the previous “Billing Cycle” and may comprise of Card Transactions.

Previous Balance means the balance of your Account at the beginning of a Billing Cycle, which is the same amount as that shown on the “New Balance” on your Monthly Billing Statement for the immediately preceding Billing Cycle.

Previous Balance means the outstanding balance owed Bank by Company under the Agreement under the Account statement last provided Company by Bank.

Previous Balance means the total outstanding balance due for payment carried from the previous “Billing Cycle” which may consist of “Retail Purchase”, “Cash Advance”, “Finance Charges” and/or fees. 1.25 “Principal Cardholder” means the person who applies to the “Bank” for issuing one “Card” or more, and in whose name the “Card Account” was first opened and maintained. Under this Agreement, the “Principal Cardholder” is liable to pay to the “Bank” all the amounts debited to the “Card Account” even if generated by the “Supplementary Cardholder”.

Previous Balance means the total outstanding balance due in respect of previous Billing Cycles but unpaid.

Previous Balance means the balance carried over from my previous SOA. “Statement Date” means the date when the statement is generated.