Home > Term: Average daily balance
Average daily balance
A method for calculating interest in which the balance owed each day by a customer is divided by the number of days. See also: Adjusted balance method and previous balance method.
- Jenis Kata: noun
- Industri / Domain: Layanan keuangan
- Kategori: Keuangan secara umum
- Company: Bloomberg
0
Penulis
- Harry8L
-
(V.I.P) 574128 poin - 100% positive feedback
(London, United Kingdom)
