Trailing interest
From Infogalactic: the planetary knowledge core
Trailing (also known as residual or two-cycle) is an interest method of balance calculation that allow companies to reach back into previous cycles to collect interest on balances already paid off.[1]
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
External links
- Consumerist -- Be Billed For Paying Off Your Bills With BoA's Magic Trailing Interest
- About Trailing Interest
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