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Average daily balance method

A technique for calculating 

Finance

 charges (such as in a bank 

Account

, charge 

Account

, or 

Credit card

 account) based on 

Average

 balance that existed each day. 

Interest

 charges under this method are usually higher than the 

Adjusted balance method

 but lower than the previous 

Balance

 method.



Related Terms: 18

Account

,

Adjusted balance method

,

ACH

,

Average

,

Balance

,

Base

,

Charge

,

Credit card

,

Car

,

Credit

,

Finance

,

Finance charge

,

FIN

,

High

,

Interest

,

Low

,

Owe

,

Previous balance method


Other Related Pages:

Category: Lending_and_Credit


Starting With: A


Semi Related Terms: 443  CLICK HERE TO VIEW

10-Q

,

10-K

,

52-week high

,

52-week low

,

30-day wash rule

,

Account

,

Account statement

,

Adjusted balance method

,

Adjusted basis

,

Allowance for depreciation

,

Average accounting return

,

Average collection period

,

Account aggregation

,

Account balance

,

ACH

,

Active account

,

Agent bank

,

Alternate account

,

Asset management account

,

Average daily balance

,

Average daily balance method

,

Accrued interest

,

At par

,

Account executive

,

All or any part

,

At best

,

At call

,

Average equity

,

Adjusted futures price

,

All-risks coverage

,

At risk

,

Add-on service

,

As is

,

Attorney in fact

,

Asset-based finance

,

Asset-based lending

,

Average life

,

A shares

,

Assets under management

,

Average price per share

,

At the money

,

Average option

,

Age-weighted plan

,

Annuity factor method

,

Average contribution percentage

,

Across the board

,

Additional paid-in capital

,

Average

,

Average daily volume

,

Average down

,

Average up

,

Adoption credit

,

Ad valorem

,

Against the box

,

At the bell

,

At the close

,

At the figure

,

At the full

,

At the market

,

At the opening order

,

Away from the market

,

Balance

,

Bank reconciliation

,

Below the line

,

Bank credit

,

Bank draft

,

Bank holding company

,

Bank Holiday

,

Bank Note

,

Bank Trust Department

,

Bank-eligible issues

,

Benchmark interest rate

,

Brought over the wall

,

Buying on margin

,

Buy on close

,

Buy on opening

,

Buy the book

,

Balance of payments

,

Bank Rate

,

Base interest rate

,

Base period

,

Base-year analysis

,

Breaking the syndicate

,

By the book

,

Bank term loan

,

Base rate

,

Business credit

,

Business finance companies

,

B shares

,

Broad-base index

,

Behavioral finance

,

Base

,

Beat the gun

,

Capitalized interest

,

Charge

,

Contra account

,

Credit order

,

Central assets account

,

Checking account

,

Commercial bank

,

Compensating balance

,

Compound interest

,

Consumer bank

,

Credit card

,

Credit union

,

Custodial account

,

Committee on Uniform Securities Identification Procedures

,

Credit analyst

,

Credit risk

,

Cash account

,

Credit balance

,

Capital account

,

Credit squeeze

,

Current account

,

Car

,

Carrying charge

,

Chasing the market

,

Credit insurance

,

Credit life insurance

,

Contract for deed

,

Cash credit

,

Charge card

,

Closed-end credit

,

Commercial credit

,

Commercial finance

,

Consumer credit

,

Consumer interest

,

Credit

,

Credit agency

,

Credit default swap

,

Credit derivative

,

Credit enhancement

,

Credit limit

,

Credit line

,

Credit score

,

Contingent deferred sales charge

,

C shares

,

Close to the money

,

Credit spread

,

Cloud on title

,

Cash-balance plan

,

Cash or Deferred Arrangement

,

Class A Shares

,

Class B Shares

,

Child and dependent care credit

,

Close a position

,

Cornering the market

,

Curbs in

,

Declining balance method

,

Deferred charge

,

Deferred credit

,

Double-declining balance depreciation method

,

Dealer bank

,

Debit card

,

Deposit in transit

,

Drawing account

,

Deferred interest bond

,

Day loan

,

Day order

,

Discretionary account

,

Dividend in arrears

,

Desk (the)

,

Dow Jones Industrial Average

,

De-escalation clause

,

De facto

,

Doing business as

,

Debit balance

,

Debtor in possession

,

Debtor-in-possession financing

,

Due-on-sale clause

,

Deep in the money

,

Deep out of the money

,

Deferred account

,

Dogs of the Dow

,

Daily high

,

Daily low

,

Day trade

,

Day trader

,

Effective annual interest rate

,

Exact interest

,

Ex-legal

,

Either-or order

,

E-mini

,

Exchange for futures

,

Exchange for physical

,

Ex-pit transaction

,

European Central Bank

,

Export-Import Bank

,

Ex-all

,

Explicit interest

,

Ex-warrants

,

Ex-rights

,

Ex-rights date

,

Earned income tax credit

,

Education credit

,

First In First Out

,

Fixed-charge coverage ratio

,

Form 10-Q

,

Frozen account

,

Finance

,

Fictitious credit

,

Fill or kill

,

Front-ending an order

,

Forward P/E

,

Favorable balance of trade

,

Federal Reserve Bank

,

First notice day

,

Fee-for-service

,

Form 8-K

,

Form S-1

,

Fair Credit Reporting Act

,

Finance charge

,

Finance company

,

Forward interest rate

,

Full faith and credit

,

Flexible spending account

,

FIN

,

General account

,

G-7

,

General Agreement on Tariffs and Trade

,

G-8

,

Gather in the stops

,

High-grade bond

,

High yield

,

Hit the bid

,

House account

,

High

,

High-flyer

,

High-tech stock

,

Holder in due course

,

High credit

,

High-ratio mortgage

,

Home equity line of credit

,

Hope credit

,

High-low index

,

Hammering the market

,

Held at the opening

,

Holding the market

,

Inactive account

,

Insured account

,

Interest-bearing

,

In escrow

,

Interest rate collar

,

Interest rate risk

,

Interest rate swap

,

In-house

,

Investment bank

,

In line

,

Interest rate futures

,

Insurable interest

,

Interest

,

Interest expense

,

Indication of interest

,

In intestacy

,

Inter vivos trust

,

Impaired credit

,

Imputed interest

,

Interest deduction

,

Interest-only loan

,

Interest rate

,

Interest rate cap

,

Interest rate ceiling

,

Interest rate floor

,

In play

,

In-process research and development

,

Interest rate option

,

I/O strip

,

Inchoate interest

,

Interest-only strip

,

In-service withdrawal

,

In and out

,

In sympathy

,

In the tank

,

Joint account

,

Jumping the gun

,

Just title

,

Last In First Out

,

Law day

,

Lending at a rate

,

Limit-on-close order

,

Loose credit

,

Last trading day

,

London Inter-Bank Offer Rate

,

Legal age

,

Line of credit

,

Lock-in

,

Load-adjusted return

,

Life expectancy method

,

Leading the market

,

Lifetime learning credit

,

Locked in

,

Long-term gain or loss

,

Level I quotes

,

Low

,

Member bank

,

Money center bank

,

Mutual Savings Bank

,

Make a market

,

Managed account

,

Margin account

,

Market on close order

,

May Day

,

Merchant bank

,

Money at call

,

Mortgage interest deduction

,

Moving Average Convergence/Divergence

,

Mixed account

,

Net interest margin

,

National Bank

,

National Credit Union Administration

,

Nostro account

,

Non-interest-bearing note

,

Non-revolving credit card

,

Normal retirement age

,

New high

,

Next Day Settlement

,

Off-balance-sheet financing

,

Off the books

,

One time charge

,

Ordinary interest

,

Over-the-Counter

,

On-floor order

,

On margin

,

Option account

,

Or better

,

Omnibus account

,

Open interest

,

On account

,

On-the-spot loan

,

Open-end credit

,

Original principal balance

,

Owe

,

Out of the money

,

Old age, survivors, and disability insurance

,

On-balance volume

,

On close

,

On open

,

On the opening

,

Pre-depreciation profit

,

Pre-tax profit margin

,

Payment-in-kind security

,

Price Value of a Basis Point

,

Payment for order flow

,

P&L

,

Provision for income taxes

,

Pre-existing conditions

,

Past-due balance method

,

Personal interest

,

Prepaid interest

,

Previous balance method

,

Principal balance

,

Performance-based compensation

,

Paid-in capital

,

Paid-in surplus

,

Pre-syndicate bid

,

Private Investment in Public Equity

,

Painting the tape

,

Return on Capital

,

Return on Invested Capital

,

Return on Total Assets

,

Risk adjusted return

,

Real interest rate

,

Regional bank

,

Regulation Q

,

Reading the tape

,

Regulation D

,

Regulation G

,

Regulation T

,

Regulation U

,

Restricted account

,

Red herring

,

Regulation A

,

Remaining principal balance

,

Revolving line of credit

,

Return on Capital Employed

,

SG&A

,

Sales charge

,

Savings account

,

Savings bank

,

Sight letter of credit

,

Simple interest

,

S&L

,

State bank

,

Sell the book

,

Sweep account

,

Separate account

,

Short interest

,

Short interest ratio

,

Severally but not jointly

,

Secured credit card

,

Security interest

,

Structured finance

,

Selling the spread

,

Savings Incentive Match Plan for Employees

,

Self-directed retirement account

,

Surrender charge

,

Split-adjusted price

,

Selling short against the box

,

Shorting against the box

,

S Corporation

,

Short-term gain or loss

,

Subchapter M

,

Subchapter S Corporation

,

Simple moving average

,

Same Day Funds Settlement

,

Schedule C

,

Seek a market

,

S&P phenomenon

,

Times interest earned

,

Trial balance

,

T-Bill

,

Take a position

,

Trailing P/E

,

Tenancy by the entirety

,

TED spread

,

Truth in Lending

,

Tenancy at will

,

Top hat plan

,

The Street

,

Timing the market

,

Taxable wage base

,

Tax base

,

Take a bath

,

Triple witching day

,

U.S. Government Agency Security

,

U.S. Savings Bond

,

U.S. Treasury

,

U.S. Treasury Bill

,

U.S. Treasury Bond

,

U.S. Treasury Note

,

U.S. Treasury Securities

,

Undermargined account

,

Unearned interest

,

Unified Tax Credit

,

With interest

,

Wrap account

,

World Bank

,

W-2 Form

,

W formation

,

When, as, and if issued

,

X or XD

,

Y shares

,

Zero-base budgeting


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