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.

Average daily balance is a key number used in the formula that computes how much interest you have to pay on a credit card balance. An average daily balance is determined by adding each day's balance and then dividing that total by the number of days in the billing cycle.

The average daily balance method is one of the ways that the finance charge on your credit card may be calculated. The credit card company issuer divides the balance you owe each day by the number of days in your billing cycle and multiplies the result by the interest rate to find the finance charge for each day in the period. If this is the method [..]

Definition The average amount that exists in an account over a period of time. The number is calculated by adding the daily balances over a period of time and dividing by the total number of days in t [..]

A formula used by credit card issuers to determine the amount of interest charged over a given period of time (e.g. Month).

The total of the daily outstanding credit card balances each day in the billing period, divided by the number of days in the billing period.

A method of computing finance charges in which creditors add your balances for each day in a billing period, and then divide by the number of days in the period

n. saldo promedio diario

A balance that is determined by adding the purchases and advances for a specific month, to the outstanding balance, and then credits are subtracted. This number is then divided by the amount of days that were in that month, to determine the average balance. 

The average amount in a deposit account that equals the sum of the daily account balances during an accounting period, usually a monthly statement cycle, divided by the number of days in the period. Can sometimes be used to calculate whether a service charge applies or to qualify for special services. See also Glossary term, "minimum daily bal [..]

  A method of computing the figure on which the finance charge for credit card financing will be based. The account balances for each day in the billing period are totaled and divided by the number of [..]

A method of computing the figure on which the finance charge for credit card financing will be based. The account balances for each day in the billing period are totaled and divided by the number of days in the period.

Average amount of money that is in an account during a period of time. It is calculated by adding the daily balances over a set period of time and dividing by the number of days in that period.

The balance that results from adding together all the daily balances of a credit account in the billing cycle and dividing by the number of days in the billing cycle. This balance is often used to cal [..]

The sum of unpaid principal balance outstanding on all qualifying loans at each actual interest rate for each day of the quarter, divided by the sum of the number of days in the quarter.

The sum of unpaid principal balance outstanding on all qualifying loans at each actual interest rate for each day of the quarter, divided by the sum of the number of days in the quarter.

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.