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Glossary   >   P   >   "Previous Balance Method" Definition            Previous Balance Method A finance/accounting method that bases costs (and interest) on the amounts owing from the previous time period. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Previous Balance Method - A finance/accounting method that bases costs (and interest) on the amounts owing from the previous time period.