Billing Cycle
/ˈbɪlɪŋ ˈsaɪkəl/
Definitions
- (n.) A recurring period during which charges are calculated and invoices generated for services or goods provided.
The billing cycle for the utility company runs from the first to the last day of each month.
Forms
- billing cycle
- billing cycles
Related terms
See also
Commentary
In contract drafting, clearly defining the billing cycle period helps prevent disputes about payment timing and amounts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.