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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Modern Language Association (MLA):
Adjusted Balance Method. Payroll & Accounting Heaven Ltd.
December 04, 2021
Chicago Manual of Style (CMS):
Adjusted Balance Method. Payroll & Accounting Heaven Ltd. (accessed: December 04, 2021).
American Psychological Association (APA):
Adjusted Balance Method. Retrieved December 04, 2021
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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.