daily balances

daily balances
daily balances; average daily balance
The various balances for the different days in the period for which interest is to be paid, and the "average daily balance" for the interest period means the sum of these daily balances divided by the number of days in the interest period
+ average daily balance
Average amount of money that a depositor keeps on deposit in a bank, or average balance on which finance charge is computed on consumer credit account, on any given day

Black's law dictionary. . 1990.

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  • daily balances — daily balances; average daily balance The various balances for the different days in the period for which interest is to be paid, and the average daily balance for the interest period means the sum of these daily balances divided by the number of …   Black's law dictionary

  • daily balance — An expression of moment in reference to an interest bearing bank account, meaning the balance standing in favor of the depositor at the close of business on any day of the interest period, an average being taken of the daily balances for the… …   Ballentine's law dictionary

  • average daily balance — daily balances; average daily balance The various balances for the different days in the period for which interest is to be paid, and the average daily balance for the interest period means the sum of these daily balances divided by the number of …   Black's law dictionary

  • average daily balance — daily balances; average daily balance The various balances for the different days in the period for which interest is to be paid, and the average daily balance for the interest period means the sum of these daily balances divided by the number of …   Black's law dictionary

  • Daily Factor — A decimal representing the portion of an annual yield earned in one day. Daily factors are often reported alongside current annualized yield figures, and can be translated back to the current yield by multiplying the number by 365. For example, a …   Investment dictionary

  • Minimum daily balance — In banking, a minimum daily balance is the minimum balance that a banking institution requires account holders to have in their accounts EACH day in order to waive maintenance fees. A minimum average daily balance is the minimum average balance… …   Wikipedia

  • average daily balance — /ˌæv(ə)rɪdʒ ˌdeɪli bæləns/ noun the balance in an account calculated by taking the final balances for each day, and averaging them (NOTE: The average daily balance is used for the purpose of calculating interest or bank charges.) …   Dictionary of banking and finance

  • ЕЖЕДНЕВНЫЕ ОСТАТКИ НА СЧЕТАХ — DAILY BALANCESСм. КАРТОТЕКА СРЕДНЕГО КРЕДИТА И ОСТАТКОВ НА СЧЕТЕ; САЛЬДО ПО СЧЕТУ, НА КОТОРЫЙ НАЧИСЛЯЮТСЯ ПРОЦЕНТЫ …   Энциклопедия банковского дела и финансов

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  • Cheque fraud — Cheque fraud/check fraud refers to a category of criminal acts that involve making the unlawful use of cheques in order to illegally acquire or borrow funds that do not exist within the account balance or account holder s legal ownership. Most… …   Wikipedia

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