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monthly recurring means , for example: if you subscribe to a magazine subscription for 9.99/month they will keep billing you monthly and keep sending you those magazines monthly until you cancel it.

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Q: What does Monthly recurring billing until cancelled mean?
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What is meant by recurring deposit?

A Recurring Deposit is a special type of bank account wherein the customer will deposit a small amount of money regularly every month. Banks will offer higher interest rates than the usual savings or current accounts because the customer will not withdraw the money until the deposit matures.

How recurring deposit account is different from savings account?

Recurring Deposit is type of account where the customer deposits fixed amounts every month for a predetermined duration (6 months, 1 year etc). The money cannot be withdrawn until maturity and the bank would pay a slightly higher rate of interest due to the longer duration of the deposit. In case of savings account, there is no predetermined duration or amount and the money can be withdrawn anytime you want so banks pay you low interest on the money you hold in the account.

Do you have a withdrawl slip for a recurring deposit account?

A Recurring Deposit is a special type of bank account wherein the customer will deposit a small amount of money regularly every month. Banks will offer higher interest rates than the usual savings or current accounts because the customer will not withdraw the money until the deposit matures. Since it isn't a regular deposit account, you don't have any withdrawal slips here. You can do a premature withdrawal of the full amount by paying a penalty fee but you cant do partial withdrawals.

What is the difference between accounts payable and accounts receivable for medical billing?

Accounts payable and accounts receivable are the same for any business, whether service, merchandising, or even medical billing. An account payable is any account that the company or business owes to another entity. It is a liability account and goes under liabilities until the balance is paid in full. An account receivable is just the opposite. Is the account balance of what another entity owes you. Account receivable is an asset account and goes under assets on the balance sheet. Both accounts receivable and accounts payable can be listed as either current or non-current, depending on the length of time required to satisfy the debt. For medical billing let us just say that an account receivable would be an account that a patient (or even government entity) may owe you. Account payable is what you owe the another entity.

Can you close a credit card account if there's a balance on that account?

You can, but you'll still have to pay the balance monthly until it's paid off. Incidentally, if you're closing an account to help your credit, research shows that closing accounts in good standing can often ding your credit.

Related questions

What is reacurring billing?

Recurring billing is when a company keeps automatically charging your credit card. For example, the online game pixie hollow, is recurring billing. When you purchase a membership subscription, it will automatically keep renewing the membership until you cancel it. Another game that is like this is club penguin, it just keeps automatically charging on your credit card, and your membership is always active, unless you cancel the membership. I hope I helped!

How long does spotify premium last after canceling?

Most likely until the end of the billing period during which you cancelled the service. Spotify does not issue partial month refunds.

How do you activate monthly refill on Stardoll?

You can choose to have a monthly standard payment taken from your credit card on the buy Stardollars page. It will refill automatically every 30 days until cancelled. Stardoll accepts Visa, MasterCard and American Express.

How do you cancel ESPN 360?

From their website FAQ How does the monthly recurring pass work? A monthly recurring pass is available for many of our products; once purchased, customers will be able to gain access to the relevant service for a calendar month. Upon the end of the month, the pass will automatically renew. For example, if a customer subscribes on the 15th February, the pass will run until 14th March and will be automatically billed on 15th March. To cancel a monthly recurring pass, please contact a support agent via the Help & FAQ or Support buttons.

Why did judge alex show get cancelled?

it did not get cancelled renewed until 2014

Can a gym membership keep drafting your account indefinitely even if it has not been used for 25 years?

It will depend on the agreement signed and what it says. It is possible that they have permission to make the billing on a monthly basis until you tell them to stop.

When was summer Olympics cancelled?

It was not cancelled it was held from July 27 2012 until August 12 2012

Will there be a spyro movie?

Sadly, no, they have cancelled the movie. The writers didn't even know about it until after the movie has been cancelled. :(

Was thomas and friends cancelled?

No, it still goes on PBS Kids early in the mornings. There are some rumors it might get cancelled in 2017, but until then it still might not be cancelled for a while.

Is it still possible to be on the show wipeout?

Yes, the show has not been cancelled. Until the show is cancelled, you will always have a chance to be a contestant on the show.

Skateboarding in the Olympics?

it is in 2020 or was until the Olympics was cancelled

What does Billing does not occur until shipment is processed mean?

If you order something online today but it won't be shipped for four weeks, then you are not billed until it is shipped.