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.

 

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Average Daily Balance: 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 . . . View Full Definition

Average Equity: A customer's average daily balance in a trading account at a brokerage firm.

Adjusted Balance Method: Method of calculating finance charges that uses the account balance remaining after adjusting for all transactions posted during the given billing period as its basis. Related: Average daily . . . View Full Definition

Grade Point Average (GPA): A student's grade point average is the equivalent of his or her average for curriculum course work. Each letter grade has an equivalent point value: A = 4 points, B = 3 points, C = 2, D = 1 . . . View Full Definition

Heat Balance: The equilibrium which exists on the average between the radiation received by the earth and atmosphere from the sun and that emitted by the earth and atmosphere. The balance between heat los . . . View Full Definition

Goals Against Average: The average number of goals given up per 60-minute game by a goaltender or a team within a given period of time. The average is computed by dividing goals against by minutes played and multi . . . View Full Definition

Favorable Trade Balance: Excessively rapid trading in a specific security that causes a delay in the electronic updating of its last sale and market conditions, particularly in options.

IBCs Money Fund Report Average: Fifth letter of a Nasdaq stock symbol specifying that it is the third preferred bond of the company.

Fund Balance: Net worth in a nonprofit organization; total assets minus total liabilities.

Imbalance Of Orders: In the context of finance. absence of cash flow needed to fulfill financial debts and meet obligations. In the context of investments, describes a lightly traded investment such as a stock o . . . View Full Definition