What does balance carried forward mean?

balance carried forward meaning in Law Dictionary

the total amount from final payment duration which noted on next one. It this amount is beyond a limit a fee are recharged.

balance carried forward meaning in Business Dictionary

earlier balance on a free account that will be carried over to the second payment period. With regards to the account terms, additional fees might accessed if the total balance carried forward surpasses a specific amount. Balances on credit cards are often held ahead in the event that charge card holder pays down just the minimum each month.