Phrases with «retroactive interest»

"Retroactive interest" refers to interest that is applied to a past period, rather than the present or future. It means that interest charges are calculated from a date in the past, even if it was not initially included or accounted for. Full definition

retroactive interest

Sentences with «retroactive interest»

If you fail to pay the balance in full within 6 months, you'll be charged retroactive interest on the original balance at double digit rates. (lendedu.com)
If you fail to do that, you may be charged retroactive interest on any remaining balance, at a rate that could easily be higher than you pay on your regular credit cards. (valuepenguin.com)
Credit card users are protected from retroactive interest rate increases on existing card balances and have more time to pay their monthly bills, greater advance notice of changes in credit card terms and the right to opt out of significant changes in terms on their accounts. (creditcards.com)
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Phrases with «retroactive interest»

Sentences with «retroactive interest»

See also