Adjusted Balance Method

Business, Legal & Accounting Glossary

Definition: Adjusted Balance Method


Adjusted Balance Method


Full Definition of Adjusted Balance Method


A technique for calculating finance charges (such as in a bank account, charge account, or credit card account) based on the account balance remaining after adjustments are made for payments and credits during the billing period. Interest charges are usually lower under this method than under other methods, such as average daily balance and previous balance methods.


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Definition Sources


Definitions for Adjusted Balance Method are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.