cycle billing

noun
a method of billing customers at monthly intervals in which statements are prepared on each working day of the month and mailed to a designated fraction of the total number of customers.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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First, the practice of so-called double-cycle billing is particularly galling.
The due date for all budget billing accounts carry the same due date as the regular cycle billing accounts.
Similarly, another practice that may cause customer confusion is double-cycle billing.
Distribution cooperatives generally use cycle billing or budget billing.
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