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.

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

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

Examples of Average Balance in a sentence

• The Average Balance of Cash Advances is the sum of the unpaid balances of Cash Advances of each day of the current billing cycle divided by the number of days in the current billing cycle.

• For the Average Balance Portion, interest is calculated on the applicable average balance portion of the daily closing credit balance in each tier at a lesser rate, and paid at the end of the statement cycle.

• The Average Balance Portion equals the average balance less the minimum balance, except when the minimum balance is less than $50,000; in that case, the Average Balance Portion is equal to the average balance.

• To avoid the Monthly Combined Average Balance Fee (see Consumer Schedule of Fees), one of the following must apply: Student Saver – This is a tiered-rate account with different rates applicable to specified balance levels.

• To the extent the Average Balance is positive, interest shall be payable by IE, and to the extent the Average Balance is negative, interest shall be payable by XLC.

More Definitions of Average Balance

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.

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 means the account average balance for the month, which is calculated by:

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

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 of the Eligible Note Receivable shall mean, for any period of determination, the average daily outstanding principal amount of the Eligible Note Receivable during such period.

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