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What are the four geographic areas of Oceania?
Previous Balance
The amount of money in an account at the beginning of a new statement period, before any new transactions have been added.
Cycle Closing
The process of finalizing all transactions within a billing cycle for financial accounts.
Simple Interest
Interest calculated only on the principal amount of a loan or investment, rather than on previously earned interest.
Monthly Basis
pertaining to or calculated over the period of one month.
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