In plain English
This amount covers only new charges made within the statement period now being counted. It adds those new amounts together for the account. It does not include money still owed from earlier statements.
In context
Here, "current charges" identifies the total of new amounts charged to the account in the current billing period, not any earlier carried-over balance.
- Situation
- Understanding invoices, billing statements, balances, due dates, credits, and receipts
- What it communicates
- labels the charges added for the current billing period
Meaning limits
By itself, the term does not show whether those new charges have been paid or when they must be paid.
Examples
“Her current charges came to $86, not counting the $40 carried over from last month's statement.”
“At the end of the cycle, the statement adds the current charges to any balance carried forward.”