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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.


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The bank would offer 40 prizes of RO400 each every month with a minimum of two assured prizes for customers of every branch, it said in a statement adding the average balance in the customerEoe1/4aos account must be RO100 for eligibility in the scheme.
By comparison, the national average balance of those anticipating interest rate rises fell from 76% to 72% in February.
The national average balance for the UK as a whole dropped to its lowest ever point of -30 per cent.
 
 
 
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