Average daily balance

The amount that is in a bank account over a period of time. This amount is divided by the number of months and an average amount is declared.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser

Next Terms: Average Net Receivables, Average Propensity to Consume, Average Rate of Return, Average Tax Rate, Backed Currency, Back-End Loan, Bad Debt, Bail Out, Balance sheet method of computing taxable income, Balance transfer

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