Daily Balance definition

Daily Balance means the amount of the Obligations owed at the end of a given day.

Daily Balance means, as of any date of determination and with respect to any Obligation, the amount of such Obligation owed at the end of such day.

Daily Balance means, with respect to each day during the term of this Agreement, the amount of an Obligation owed at the end of such day.

Examples of Daily Balance in a sentence

• The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● Average Daily Balance (ADB) multiplied by ● Daily Periodic Rate (DPR) multiplied by ● number of days the DPR was in effect.

• We use the Daily Balance Method to calculate dividends on your account.

• The Average Daily Balance for Cash Advances and Balance Transfers is computed by adding each day’s outstanding balance of Cash Advances and Balance Transfers charged to the Account during the current billing cycle, and dividing the total of such balances by the number of days in the billing cycle.

• If the Cash Advance and Balance Transfer portion of the New Balance and the Interest Charge applicable thereto are not paid in full and credited to the Account by the “Payment Due Date” shown on the first monthly billing statement to which the Cash Advance and Balance Transfer is billed, any balance remaining becomes a part of the “Previous Balance” on Cardholder’s next periodic statement and is computed as part of the Average Daily Balance for Purchases.

• The Daily Balance Method applies a daily periodic rate to the balance in the account each day.

More Definitions of Daily Balance

Daily Balance means the amount of an Obligation owed at the end of a given day.

Daily Balance as used in this Agreement means the amount determined by taking the amount of the Credit owed at the beginning of a given day, adding any new Credit advanced or incurred on such date, and subtracting any payments or collections which are deemed to be paid and are applied by Bank in reduction of the Credit on that date under the provisions of this Agreement.

Daily Balance means, with respect to each day during the term of ------------- this Agreement, the amount of an Obligation owed at the end of such day.

Daily Balance means the principal amount of the Obligations owed at the end of a given day.

Daily Balance means, with respect to each day during the term of this Agreement, the aggregate outstanding amount of all Advances or Obligations, as the context requires, at the end of such day.

Daily Balance. The “daily” balance of your account is the principal balance on which interest accrues each day. (For information about the balance on which interest accrues, see the section titled “When Interest Begins to Accrue”.)

Daily Balance means the amount of the Obligations owed at the end of a given day. Deposit Account shall have the meaning ascribed to such term in the Code. Documents shall have the meaning ascribed to such term in the Code.