Posting period

 

Meaning of the word: Posting period

Clearing period is the period, when regular clearing is carried out. For example mobile network tarifs are usually clearing every mouth, so the period is usually monthly. Period for payment is different for each mobile network operators.

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Interest on arrears

Interest on arrears is charged to the debtor in case that he doesn't pay his loan in time. It is not a classic sanction, but it is the refund money.…

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