ADB definition
Examples of ADB in a sentence
Assume that you have a single interest rate of 15.99%, your ADB is $2,250 and there are 30 days in the billing period.
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.
Any modifications or clarifications to such procedures agreed between the Borrower and ADB shall be set out in the Procurement Plan.
Except as ADB may otherwise agree, the Loan proceeds shall be disbursed in accordance with the Loan Disbursement Handbook.
Any subsequent change to the agreed modifications and clarifications shall become effective only after approval of such change by the Borrower and ADB.