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.


More Definitions of Daily Balance

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