Business and Personal Finance Dictionary

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• BILLING ERROR - Any mistake in your monthly statement as defined by the Fair Credit Billing Act.
  
  
• BILLING FLOAT - Float resulting from delays in billing or in the payor’s response to those bills. For g...
  
  
• BILLING STATEMENT - The monthly bill sent by a credit card issuer to the customer. It gives a summary o...
  
  
• BILLINGS - generally, is the request for payment of a debt. In accounting, it is sales for which invoic...
  
  
• BILLINGS IN EXCESS OF COST - A liability created under a type of accrual accounting used when firms suc...
  
  
• BILLINGS IN EXCESS OF COSTS - see COST IN EXCESS OF BILLINGS.
  
  
• BILLS - See Treasury bills.
  
  
• BILLS PAYABLE - in merchant accounts, are all bills which have been accepted, and promissory notes whic...
  
  
• BILLS PURCHASED - in trade finance, allows a seller to obtain financing and receive immediate funds in ...
  
  
• BILLS RECEIVABLE - in merchant accounts, are all promissory notes, bills of exchange, bonds, and other ...