>  Term: cycle billing
cycle billing

A billing procedure which provides for the billing of a portion of utility customers each working day so that all customers are billed within a predetermined period, such as one month, two months, etc. (In some companies, each day's billing is referred to as a "billing cycle day," "billing day," or "billing cycle." Other companies use "billing cycle" to refer to the total period which covers billing of customers within a specific period).

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