Definition of Bill

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Definitions of Debt Consolidation Loan and Related Terms:


Related Financial Services - The following Debt Consolidation Loan Directory sections allow you to comparison shop other finance products, such as debt consolidation loans and credit counseling firms.

  • Debt Consolidation Service - Do you simply have too many credit cards and other bills? Review this directory for useful information and compare a list of service providers that may be able to help you.
  • Credit Card Debt Management - Too many credit bills for you to handle with your budget? Compare different programs and find the one that is the right match for your individual situation.

Bill Definition

Define Bill: A bill is nothing more than a document requesting payment for goods or services rendered. For example, at a restaurant a waiter may present the bill which you pay with a credit card. When the month is over, the credit card company will send you another bill noting the restaurant charge. Bills are presented with the expectation of immediate payment (or within a specific amount of time, such as 30 days). When bills are not paid as agreed, they begin to incur finance charges and penalties and may even be sent to a collection agency. The total amount of a bill is often referred to as the balance due.


Glossary of Debt Consolidation and Finance Terms
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