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Key takeaways. Your current balance (or outstanding balance) and statement balance are two entirely different figures. But your current balance and statement balance can occasionally align ...
The statement balance is the amount owed at the end of your billing cycle, while the current balance is the amount you owe at any particular moment.
The reason for the discrepancy is that your statement balance is the amount you owe on the closing date of the last billing cycle. Credit cards aren't always easy to figure out, but I promise this ...
Unpaid principal balance (UPB) is the portion of a loan (e.g. a mortgage loan) at a certain point in time that has not yet been remitted to the lender. [1]For a typical consumer loan such as a home mortgage or automobile loan, the original unpaid principal balance is the amount borrowed, and therefore the amount the borrower owes the lender on the origination date of the loan.
Your billing statement provides a detailed breakdown of the subscription fee, including benefits, required government taxes, and any additional fees. • Communication surcharges - We answer to a higher calling - the phone company. If you connect to AOL using a long-distance number or AOLnet 800 number, you’ll see these surcharges in addition ...
In banking and accounting, the balance is the amount of money owed (or due) on an account. In bookkeeping, "balance" is the difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period. [1] When total debits exceed the total credits, the account indicates a debit balance.
A credit card balance transfer is the transfer of the outstanding debt (the balance) in a credit card account to an account held at another credit card company. [1] This process is encouraged by most credit card issuers as a means to attract customers. The new bank/card issuer makes this arrangement attractive to consumers by offering incentives.
This article originally appeared on GOBankingRates.com: Available Balance vs. Current Balance in a Bank Account: What’s the Difference? Show comments. Advertisement. Advertisement.