Business terms and jargon explained. Your business dictionary

What is Billing Cycle

This is the period of time at which invoices/statement are sent to customers. They will be charged for a period of time, not for every order or use. Example, your electricity bill can be on a monthly cycle or a quarterly cycle. They will charge you once a month or quarterly, not every time you switch the light on or use the internet.

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Term created / updated 2017-06-26 17:45:49

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