Examlex
Relocation incentives fall into three broad categories of allowances.What are they?
Billing Date
The billing date refers to the date on which a bill is generated, outlining the charges incurred by the customer.
Finance Charge
The total cost of borrowing, including interest and other charges, on a loan or on credit provided.
Previous Balance
The amount of money that was owed at the end of the last billing cycle in financial accounts and credit statements.
Cycle Closing
Cycle Closing refers to the process of finalizing all transactions and balances for a specific accounting period, ensuring that all financial activities within that period are accounted for and concluded.
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