billing cycle

noun

1. the schedule of recurrent times in any regular system of preparing or sending bills.

Example Sentences

“Credit-card companies, for example, usually report by a recurring date known as the billing cycle or statement date. But the exact day of the month may be different for each provider.”

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Some facility operators have also begun adjusting payment periods to be 28 days instead of one month—a subtle shift from the normal 30- or 31-day billing cycle people are used to when paying utilities, phone bills, and streaming services.

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The price hikes are effective immediately for new subscribers, while existing customers will see the change reflected in the July billing cycle.

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Over your billing cycle, your meter keeps track of the energy you send to the utility, and the energy you buy from it, then calculates what you’re owed in credits.

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Rosenworcel said the commission will take an initial vote on Dec. 13 on the plan, which would also require TV video-service providers to refund subscribers if they cancel prior to the end of that billing cycle.

Read more on Reuters