"Previous Balance Method" Definition
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 Glossary   >   P   >   "Previous Balance Method" Definition   

        Previous Balance Method

A finance/accounting method that bases costs (and interest) on the amounts owing from the previous time period.

Previous Balance Method


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Previous Balance Method - A finance/accounting method that bases costs (and interest) on the amounts owing from the previous time period.


Previous Balance Method : a finance/accounting method that bases costs (and interest) on the amounts owing from the previous time period.