Billing Cycle definition

Billing Cycle for any Mortgage Loan and Collection Period means the billing period specified in the related Credit Line Agreement and with respect to which amounts billed are received during the Collection Period.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Billing Cycle. With respect to any Mortgage Loan and Due Date, the calendar month preceding such Due Date.

Billing Cycle means the time interval between periodic billing statement dates.

Examples of Billing Cycle in a sentence

• All new purchases are subject to a Grace Period of at least 28 days if such purchases are made during a Billing Cycle (the “current Billing Cycle”) in which you paid the balances of purchases outstanding at the end of the preceding Billing Cycle, on or before the Payment Due Date of the current Billing Cycle.

• For purchases, we calculate the interest accrued on your account by applying the periodic rate to the Daily Balance of your account for each day in the Billing Cycle.

• The sum of any past due amounts from previous Billing Cycles, plus 1% of your Daily Balance as of the end of the Billing Cycle as shown on your billing statement, plus interest charged in the current Billing Cycle, plus late payment fees, and any other fees charged in the current Billing Cycle.

• If the new purchases made in the current Billing Cycle are subject to a Grace Period, you will not incur interest on such new purchases if you pay the balance of such purchases in full by the Payment Due Date in the following Billing Cycle.

• In order for new purchases in the current Billing Cycle to qualify for the Grace Period again, you must pay all outstanding balances on purchases made during the preceding Billing Cycle in full by the Payment Due Date of the current Billing Cycle.

More Definitions of Billing Cycle

Billing Cycle means in relation to a Supply Point, the frequency of the invoicing set for it on the Contract Information Pack;

Billing Cycle means the regular recurrent period in which a customer

Billing Cycle means the interval of time between regular periodic Billing Dates for an Account.

Billing Cycle means the time period between billing statements and is used to manage your Account. Each Statement shows the closing data, which is the last day of the Billing Cycle.

Billing Cycle or "cycle" means the interval between days or dates of regular periodic statements. These intervals shall be equal and no longer than a quarter of a year. An interval shall be considered equal if the number of days in the cycle does not vary more than 4 days from the regular day or date of the periodic statement.

Billing Cycle means the time period between the dates of issuing two consecutive “Statements of Account”.

Billing Cycle means the start of the cycle on which the account is printed to the date on which it falls due and payable;