Definition

The date your billing statement was issued. It marks the beginning of the billing period shown on your statement.

What to consider

  • Ensure past balances are accurate.
  • Pay off previous balances to avoid accumulation.
  • Review carry-forward amounts regularly.

Real world scenarios

  • After an unpaid month, Sarah’s next billing statement included a balance carried forward from the previous period.
  • John’s account summary showed a balance carried forward, adding to his current charges.
  • Linda reviewed her bill where previous unpaid amounts were carried forward.

Related terms

Healthcare