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Promotional balance refers to a specific amount of debt on a credit card or loan that is subject to promotional terms, such as a lower interest rate or deferred interest period. This balance typically arises from promotional offers, like balance transfers or special financing deals. It's important to pay off this balance within the promotional period to avoid higher interest charges that may apply afterward.

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4mo ago

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How do you calculate interest after the promotional period ends?

To calculate interest after the promotional period ends, you typically use the regular interest rate on the remaining balance of the loan or credit card. This rate is applied to the outstanding balance to determine the amount of interest that will be charged.


Where should promotional products given to customers be classified in the balance sheet?

They should appear on the Income Statement (NOT the Balance Sheet) as Advertising and Promotion Expenses.


What is Promotional Code?

promotional code is just like promo code We know that, but what does it mean?! --DemonSlayerThe3rd don't fight


What is a large balance?

A large balance would be considered any amount you can not repay within a specific amount of time. Either pay the balance in full each month or at the end of the promotional period.


What is promotional offer of enough mean?

promotion of service or goods


What does blurbing mean?

A promotional statement (as found on the dust jackets of books)


How can i use promotional balance in lycamobile?

The Promotional balance would only be used when you have finished using your top-up and I think this is a rip-off. It was stated in the Online Top-up Terms and Conditions . Any call, text or data charges will be deducted first from the standard call credit (unless you have a bundle minutes, which takes priority).


Is the Argos card interest free?

The Argos card typically offers interest-free credit on purchases if you pay off the balance within the promotional period, which is usually around 6-12 months. However, if the balance is not paid in full by the end of the promotional period, interest will be charged on the remaining balance. It's important to review the specific terms and conditions associated with your Argos card for details on interest rates and repayment requirements.


What does promotional copy mean?

"Promotional Copy" is a phrase that sometimes appears on products such as movies and books to indicate that thsat copy was not paid for but was given away to promote that movie or book.


What does werbeartikel mean in English?

The word 'werbeartikel' literally translated to promotional in English. The word is usually used when talking about promotional items one might use to advertise a business.


Does Toyota.com have any special promotional deals?

At this time, Toyota.com is not offering any promotional deals, but that does not mean that in the future they will not offer such a thing. It is likely that when they hold one they will advertise it on their site.


What type of credit card offers 0 APR on purchases and balance transfers?

A type of credit card that offers 0 APR on purchases and balance transfers is known as a promotional or introductory 0 APR credit card.