billing cycle

Definition

The period between billings for products and services, usually a month.

Use billing cycle in a sentence

The billing cycle took a really long time and everyone seemed to be afraid of what would happen to us.

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The billing cycle for myself is every 1st of every month, that is the cycle of when I have to pay my bills of all kinds.

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The billing cycle ended on the fifteenth of the month which was the reason for the monthly statement we prepared to have two cycles.

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bill-and-hold basis average outstanding balance