Common use of DISCLOSURE OF CREDIT TERMS Clause in Contracts

DISCLOSURE OF CREDIT TERMS. INTEREST CHARGE An interest charge will be imposed for any statement period during which Your average daily debit balance is greater than zero. The normal statement period will end on the last business day of each month. The statement period may be for a fraction of a normal statement period on opening or closing Your account. Interest will ordinarily be calculated through the second to the last business day of each month and will ordinarily be charged to the account on the next to the last business day of each month.

Appears in 8 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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