average daily balance

The average amount of money in an account (such as a bank account or credit-card account) during a given period.

• This amount serves as the basis for computing interest or a finance charge for the period.

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词条贡献者

法律翻译徐玲，知名法学院保险法专业，专注翻译各类与保险追偿有关的法律文件。