billing cycle
Invoice recurrence period
A billing cycle is the interval between statements from a creditor or service provider—typically one month for credit cards and utilities.
The cycle determines when charges accumulate and when payment is due: Your billing cycle runs from the 15th to the 14th.
Charges made near the end of a billing cycle appear on the next statement.
- grace periodAllowed delay before consequences
- closing dateFinal submission deadline
- invoiceItemized billing statement
- due dateWhen payment is required
- payment dueSum requiring settlement
past due · monthly · payment · annual · subscription · quarterly · installment · late fee · minimum payment · statement balance · billing statement · proration · reconciliation · service agreement · account holder · billing · renewal · fee
- Business Rulesauthorization, compliance, deadlines, hierarchy, hours of operation
- bankingbank, banks, ATM, ATMs, account
- paymentspayment, monthly payment, cash payment, payment date, credit cards
- billsbills, utility bills, rent, monthly bills, mortgage
- credit cardscredit card, loyalty card, cardholder, cashback offers, card number
- cyclescircle of life, cycles, period, rhythms, oscillations
payment timing/structure
billing cyclesingle payment
lump sum payment · final payment · one-time purchase · pay-as-you-go · impulse purchase