Average Balance

Average Balance

The balance still owed on a loan or line of credit over a period of time. One calculates the average balance by adding the balance at the beginning of an accounting period to the balance at the end and dividing by two. It is also called the average daily balance.
References in periodicals archive ?
To qualify for the"Save & Win Campaign", Commercial Bank customers need to have an active current or savings account (or both) with a minimum average balance of QR10,000 each month, the statement said.
According to the firm, the decrease in net interest income for the three month period in 2014 was due primarily to a higher average balance of FHLB advances-long term, a lower average balance of investment securities, a lower average yield on loans and a higher average rate paid on interest bearing liabilities, partially offset by a higher average balance of loans and a higher rate earned on other interest earning assets.
Customers who maintain a minimum average balance of OMR100 in their Al Mumayaz savings account are eligible to participate in the hourly prize draw.
In contrast, those in the same income bracket who saved only in a 401(k) had an average balance of $46,100, 28 percent less.
The disallowance is calculated by multiplying the dealer's nondirectly traceable interest expense by a fraction, the numerator of which is the dealer's average balance of exempt obligations, and the denominator of which is the dealer's average balance of total assets, less the balance of debt the interest on which is not subject to disallowance.
1, 2006, an average balance of $616,401, a weighted average remaining term to maturity (WAM) of 355 months, a weighted average original loan-to-value ratio (OLTV) of 71.
SBI currently charges penalty from customers for non-maintenance of monthly average balance in savings accounts.
1, 2006), an average balance of $708,501, a weighted average remaining term to maturity (WAM) of 359 months, a weighted average original loan-to-value ratio (OLTV) of 70.
1, 2006), an average balance of $663,313, a weighted average remaining term to maturity (WAM) of 358 months, a weighted average original loan-to-value ratio (OLTV) of 70.
1, 2006), an average balance of $633,428, a weighted average remaining term to maturity (WAM) of 358 months, a weighted average original loan-to-value ratio (OLTV) of 72.
As of the cut-off date, the Group I mortgage loans have an aggregate principal balance of $919,721,079, and the average balance of the mortgage loans is approximately $169,753.
The Group I mortgage loans have a final aggregate principal balance of approximately $604,518,226, as of the cut-off date (June 1, 2006), an average balance of $495,507, a weighted average remaining term to maturity (WAM) of 356 months, a weighted average original loan-to-value ratio (OLTV) of 71.

Full browser ?