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Average Balance |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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