Billing Period
/ˈbɪlɪŋ ˈpɪəriəd/
Definitions
- (n.) The recurring span of time for which charges or fees are calculated and billed, typically in contracts or service agreements.
The billing period for the electricity service is monthly, ending on the last day of each month.
Forms
- billing period
- billing periods
Related terms
See also
Commentary
The term is primarily used in contexts involving periodic financial obligations and should be clearly defined in contracts to specify the timing and frequency of charges.
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.