Difference Between NRC and MRC
NRC means “non-recurring charge” and is often just the 1 time charge for starting a service such as a down payment. The MRC is a “monthly recurring charge” and is the payment someone is expected to pay monthly.
Often times the non-recurring charge that is just one time payment is for the down payment and is a lot higher than what the monthly recurring charge will be. So there will be both a NRC and a MRC that people will have to pay.
Examples of NRC vs. MRC
An actual example of NRC or “Non-Recurring Revenue” would be an internet bill for a business or a home. A non-recurring revenue would be the one-time fee for installation or another sort of “fixed fee” that would not happen again. An example of MRC or “Monthly-Recurring Charge” would be the monthly payment you owe the internet company in order to keep having internet services.
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