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LSDefine

Simple English definitions for legal terms

billing cycle

Read a random definition: de bien et de mal

A quick definition of billing cycle:

Definition: A billing cycle is the time between when you receive bills for things you bought or services you used. It's like a schedule for when you have to pay for things you owe money for.

A more thorough explanation:

Definition: The billing cycle refers to the period of time between billings for goods or services provided. It is the time frame in which a company generates invoices and sends them to customers for payment.

Example: A credit card company may have a billing cycle that runs from the 1st to the 30th of each month. During this time, the company will track all purchases made by the cardholder and generate a statement at the end of the cycle. The statement will include all purchases made during the billing cycle, as well as any fees or interest charges that may have accrued.

Another example: A utility company may have a billing cycle that runs from the 15th to the 15th of each month. During this time, the company will track the amount of electricity, gas, or water used by the customer and generate a bill at the end of the cycle. The bill will include the total amount of usage during the billing cycle, as well as any applicable taxes or fees.

These examples illustrate how a billing cycle works in different industries. The billing cycle is important for companies to keep track of their revenue and for customers to manage their expenses. By understanding the billing cycle, customers can plan their payments and avoid late fees or penalties.

billhead | bill in perpetuam rei memoriam

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General chat about the legal profession.
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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