statement billing


statement billing
billing method in which the sales for a period such as a month (for which a customer also receives invoices) are collected into a single statement, and the customer must pay all the invoices represented on the statement. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • Statement billing — Billing method in which the sales for a period such as a month (for which a customer also receives invoices) are collected into a single statement and the customer must pay all of the invoices represented on the statement. The New York Times… …   Financial and business terms

  • billing cycle — The number of days between statement dates. American Banker Glossary The time elapsed between billing periods for goods sold or services rendered. Bloomberg Financial Dictionary * * * billing cycle billing cycle ➔ cycle * * * billing cycle UK US… …   Financial and business terms

  • billing — Ⅰ. bill [1] ► NOUN 1) a printed or written statement of the money owed for goods or services. 2) a draft of a proposed law presented to parliament for discussion. 3) a programme of entertainment at a theatre or cinema. 4) N. Amer. a banknote. 5)… …   English terms dictionary

  • Fair Credit Billing Act — The Fair Credit Billing Act (FCBA) is a United States federal law enacted as an amendment to the Truth in Lending Act (codified at usc|15|1601 et seq.). Its purpose is to protect consumers from unfair billing practices and to provide a mechanism… …   Wikipedia

  • Bank Services Billing Standard — BackgroundLarge multinational corporations want to streamline their banking practices. In order to dothis, they need all of their bank billing electronically, and in a common format.Corporations do not know with any degree of accuracy what is… …   Wikipedia

  • Country Club Billing — A now defunct billing system used by credit card companies up until the 1970s. Country club billing includes copies of the original sales drafts with each monthly statement sent to customers. This was done to provide proof of each purchase that… …   Investment dictionary

  • Fair Credit Billing Act - FCBA — A federal law designed to protect consumers from unfair credit billing practices. The Fair Credit Billing Act (FCBA) provides guidelines for both consumers and creditors including procedures to manage disputes regarding billing statements. In… …   Investment dictionary

  • Electronic billing — (General) is the electronic delivery and presentation of financial statements, bills, invoices, and related information sent by a company to its customers. Electronic billing is also known as other payment models based on consumer to business and …   Wikipedia

  • Deferred Billing — The act of charging buyers for their purchases, without interest, at a later date. Deferred billing is most often used as a sales promotion technique, enticing potential customers to purchase big ticket items now rather than later. Car… …   Investment dictionary

  • Fair Credit Billing Act — (FCBA) An amendment to the Truth in Lending Act that gives consumers the right to challenge errors on their credit card statements. Once notified of an error, the company must either correct it or explain why it believes the statement is correct… …   Law dictionary