RSS Feeds Share this site with del.icio.us Share this site with google Add this site to Yahoo Bookmarks Click here to add us to your favorites

average daily balance  

Definition

The average amount that exists in an account over a period of time. The number is calculated by adding the daily balances over a period of time and dividing by the total number of days in that period. Used in the average daily balance method for determining interest.



print this definition
cite this definition
link to this page




'average daily balance' appears in these other terms:

average daily balance method

'average daily balance' appears in the definitions of these other terms on BusinessDictionary.com:




Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Add this Glossary to your Site | Bookmark InvestorWords.com | RSS Feeds
Home | Terms by Subject | Keyword Advertising | About Us | Contact Us
Work for InvestorWords.com
BusinessDictionary.com | InvestorGuide.com | WebFinanceInc.com
Disclaimer and Copyright©

Copyright©1997-2008 by WebFinance, Inc. All Rights Reserved.
Unauthorized duplication, in whole or in part, is strictly prohibited.