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The billing period is the fixed period of time covered by the bill we send you. The bill will show your new charges, including interest and fees, and any payments that posted to your account during that period. Each bill that we send will identify the billing period that it covers.
If you have a credit or debit on the account of $1 or more at the end of any billing period, we will send you a bill, showing what you owe us as of the end of that billing period.Consumer Financial Protection Bureau - Cite This Source - This Definition
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