Average Balance definition

Average Balance means the average end-of-day balance standing to the credit of the relevant Account for the relevant Calculation Period.

Average Balance means aggregate of Daily Investment Amount during the Investment Period divided by number of days of the Investment Period.

Average Balance means, with respect to an Interest Period, the average net daily balance (positive or negative) in the intercompany account maintained by IE pursuant to Section 2(c) hereof, which shall equal the quotient of (i) the algebraic sum of the balances of XLC Advances or IE Advances, as the case may be, which have not been repaid by the close of business on each day of the applicable Interest Period, with IE Advances treated as negative amounts, divided by (ii) the number of days in such Interest Period.

Examples of Average Balance in a sentence

• Current Accounts1.1 Currency and Minimum BalanceA current account can only be opened in such currency and with such minimum balance as we may stipulate from time to time.1.2 Monthly Average Balance Charge1.2.1 We will apply a monthly average balance charge on your current account, based on the average balance maintained in all your accounts with us, such as HomeVantage Current Account, SuperSaver Savings Account, SuperSaver Bond, Fixed Deposit or HiSAVE Accounts, for the respective month.

• All individual customers maintaining Quarterly Average Balance as per the following grid, will be eligible for complimentary services listed below.

• SAVINGS PROFIT CALCULATIONIn savings (LCY) , profit is calculated on customer’s monthly average balance.Profit rate is always quoted on per annum basis.The formula for calculating profit is:Profit = (Monthly Average Balance * Applicable Profit Rate ) / 365 * (Number of days)In Mehfooz Sarmaya FCY savings Profit calculation is on a monthly minimum balance and in FCY Savings Plus Profit calculation is on daily balance.Cash Management Services 1.

• The Customer shall be responsible for maintaining a minimum Monthly Average Balance (“MAB”) during a month, as applicable to the account variant and prescribed by FPBL from time to time.

• Average Balance$ $ Account NumberBank NameBUSINESS DEPOSITORY ACCOUNTS (attach additional sheets for further detail if necessary.) EXISTING BUSINESS DEBTPlease supply the following information for all term loans, lines of credit, mortgages, credit cards, equipment leases, etc.

More Definitions of Average Balance

Average Balance means an average daily closing balance (calculated as of the last day of each calendar month).

Average Balance equals the sum of the Account balances on each day during the operative period, divided by the number of days in the operative period; and

Average Balance has the meaning specified in Section 2.06 of the Loan Agreement.

Average Balance means: the average of the accounting balances of the assets invested in the separately managed account in the observation period expressed in actual days;

Average Balance means the total monthly balances billed by Bank for the prior twelve (12) months divided by the average number of Accounts billed by Bank for the prior twelve (12) months.

Average Balance. Current Balance: Any NSF Checks: Date of Last Return: Line of Credit

Average Balance means the sum of day end daily account credit balance for the month divided by number of calendar days of the current month.