Average Balance

(redirected from Average Daily Balances)

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 ?
In addition, customers using the new service will continue to receive their current statements giving minimum balances, average daily balances, etc.
Savings and checking account holders earn one point for every 400 pesos maintained in their average daily balances.
The average daily balances on all of Inkombank's correspondent accounts with the Central Bank in Moscow and its branches throughout Russia amount to approximately RUR 200 billion.
Installed in large financial institutions around the globe, FDW offers powerful financial features such as average daily balances, broad multiple currency and foreign exchange capabilities, a customizable code block, and multidimensional functionality.