balance carried forward

  

Definition

Previous balance on an account which is carried over to the next billing period. Depending on the account terms, additional fees may be accessed if the total balance carried forward exceeds a certain amount. Balances on credit cards are often carried forward if the credit card holder pays down only the minimum each month.

Use this term in a sentence



http://www.businessdictionary.com/definition/balance-carried-forward.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z