Method 1: Canada Debt .ca defines Method 1

Bankruptcy Term Method 1

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Canada Debt has the definition to the bankruptcy and debt term Method 1. Finding answers to terms such as Method 1 can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Method 1 in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Method 1' is used as follows:

The method used by some credit card issuers to determine whether the interest-free period applies to your new purchases. With this method, it applies only if you pay your current month's balance in full by the due date.