Business terms and jargon explained. Your business dictionary
What is Balance Transfer
This is when you transfer a balance on an account or debt to another account or debt. When you transfer from account to another account is usually because they are offering a better interest rate. When you transfer a balance on a debt e.g., credit card, the usual reason is because better terms are on offer with fewer charges.
<- Go Back
Business Terms Home page
Search jargon and terms database to learn more:-
A B C D E F G H I J K L M N
O P Q R S T U V W X Y Z
Term created / updated 2006-05-31 22:57:31
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.
Copyright © 2004-2019 Scopulus Limited. All rights reserved.