Daily Balance definition: Copy, customize, and use instantly
Introduction
The term "Daily Balance" refers to the amount of funds or obligations recorded in an account at the end of each business day. It is essential for determining interest calculations, assessing account activity, and ensuring compliance with financial agreements.
Below are various examples of how "Daily Balance" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Daily Balance" as an account balance calculation
This definition ties "Daily Balance" to the method of calculating balances for financial accounts.
"Daily Balance" means the total amount of funds held in an account at the close of each business day, determined based on all credited and debited transactions.
Definition of "Daily Balance" as an interest computation metric
This definition connects "Daily Balance" to its role in interest accrual calculations.
"Daily Balance" refers to the amount of principal outstanding in an account each day, used to compute interest charges or earnings.
Definition of "Daily Balance" as a credit line assessment factor
This definition links "Daily Balance" to credit utilization and repayment structures.
"Daily Balance" means the outstanding principal of a revolving credit facility at the end of each day, adjusted for payments, advances, and applicable fees.
Definition of "Daily Balance" as a financial monitoring tool
This definition applies "Daily Balance" to account oversight and financial reporting.
"Daily Balance" refers to the amount of funds available in a deposit or investment account at the end of a given day, reflecting all inflows and outflows.
Definition of "Daily Balance" as a loan repayment tracking mechanism
This definition ties "Daily Balance" to the management of loan repayments.
"Daily Balance" means the unpaid principal amount of a loan as recorded on a daily basis, used to determine outstanding obligations and payment schedules.
Definition of "Daily Balance" as a cash management measure
This definition connects "Daily Balance" to real-time financial tracking.
"Daily Balance" refers to the cash position of an account, determined at the end of each banking day, to assess liquidity and spending patterns.
Definition of "Daily Balance" as a regulatory compliance measure
This definition links "Daily Balance" to financial reporting obligations.
"Daily Balance" means the net value of an account after all transactions have been posted, required for compliance with banking regulations and audit purposes.
Definition of "Daily Balance" as a fund transfer control metric
This definition applies "Daily Balance" to transaction monitoring for fund transfers.
"Daily Balance" refers to the available balance in an account before initiating any fund transfers, ensuring adequate funds for transactions.
Definition of "Daily Balance" as an overdraft protection determinant
This definition ties "Daily Balance" to overdraft fee calculations and account maintenance.
"Daily Balance" means the lowest balance recorded in an account each day, used to determine overdraft fees and minimum balance requirements.
Definition of "Daily Balance" as an escrow account tracking metric
This definition connects "Daily Balance" to escrow fund management.
"Daily Balance" refers to the amount held in an escrow account at the close of each day, reflecting disbursements and contributions.
Definition of "Daily Balance" as a banking reconciliation tool
This definition links "Daily Balance" to financial reconciliation processes.
"Daily Balance" means the ending balance of an account after all transactions for the day have been posted, ensuring accuracy in financial records.
Definition of "Daily Balance" as a corporate treasury management component
This definition applies "Daily Balance" to corporate financial planning and analysis.
"Daily Balance" refers to the real-time cash and investment balance in a corporate account, enabling strategic financial decision-making.
Definition of "Daily Balance" as a revolving credit usage tracker
This definition ties "Daily Balance" to the monitoring of revolving credit accounts.
"Daily Balance" means the outstanding amount under a credit agreement at the end of each business day, including interest and fees.
Definition of "Daily Balance" as a checking account maintenance standard
This definition connects "Daily Balance" to banking service eligibility.
"Daily Balance" refers to the minimum account balance maintained at the end of each day, used to determine service fees and account status.
Definition of "Daily Balance" as a payment processing reference
This definition links "Daily Balance" to financial transactions and settlement tracking.
"Daily Balance" means the amount remaining in an account after all transactions have been processed on a given day.
Definition of "Daily Balance" as an investment portfolio evaluation metric
This definition applies "Daily Balance" to investment fund calculations.
"Daily Balance" refers to the net asset value of an investment portfolio at the end of each trading day, factoring in market fluctuations.
Definition of "Daily Balance" as a savings account growth tracker
This definition ties "Daily Balance" to the management of deposit interest earnings.
"Daily Balance" means the amount held in a savings account each day, used to calculate interest accrual over a given period.
Definition of "Daily Balance" as a real estate escrow calculation metric
This definition connects "Daily Balance" to property transactions and mortgage accounts.
"Daily Balance" refers to the remaining escrow balance at the close of each business day, accounting for scheduled disbursements and deposits.
Definition of "Daily Balance" as a business cash flow monitoring tool
This definition links "Daily Balance" to cash flow analysis in business operations.
"Daily Balance" means the closing cash balance of a business account each day, used for liquidity management and financial forecasting.
Definition of "Daily Balance" as a credit risk assessment measure
This definition applies "Daily Balance" to financial risk evaluations.
"Daily Balance" refers to the daily amount outstanding on a line of credit, considered in assessing borrower creditworthiness.
Definition of "Daily Balance" as a financial contract compliance measure
This definition ties "Daily Balance" to contractual obligations related to banking and lending agreements.
"Daily Balance" means the minimum balance maintained in an account as required under financial agreements, calculated on a daily basis.
Definition of "Daily Balance" as a money market fund valuation metric
This definition connects "Daily Balance" to money market fund holdings.
"Daily Balance" refers to the daily market value of assets held in a money market account, adjusted for interest and withdrawals.
Definition of "Daily Balance" as a prepaid account tracking measure
This definition links "Daily Balance" to prepaid card and stored-value account balances.
"Daily Balance" means the available amount in a prepaid or stored-value account at the close of each business day.
Definition of "Daily Balance" as a fiduciary account monitoring standard
This definition applies "Daily Balance" to fiduciary fund oversight.
"Daily Balance" refers to the amount maintained in a fiduciary account at the end of each day, ensuring compliance with trust and legal requirements.
Definition of "Daily Balance" as a deferred payment tracking tool
This definition ties "Daily Balance" to deferred payment agreements and installment plans.
"Daily Balance" means the outstanding amount payable under a deferred payment arrangement, recorded daily.
Definition of "Daily Balance" as a securities settlement reference
This definition connects "Daily Balance" to brokerage and trading account reconciliations.
"Daily Balance" refers to the final amount in a brokerage account each day, accounting for executed trades and pending settlements.
Definition of Daily Balance as a financial metric
This definition ties Daily Balance to the method used to calculate interest or fees on an account.
"Daily Balance" means the amount determined at the end of each business day by taking the account balance, adding any credits, and subtracting any debits, fees, or charges.
Definition of Daily Balance as an interest calculation method
This definition connects Daily Balance to the calculation of interest based on the outstanding principal each day.
"Daily Balance" refers to the principal balance of a loan or deposit account, adjusted daily, on which interest accrues based on the applicable interest rate.
Definition of Daily Balance as a requirement for fee waivers
This definition links Daily Balance to maintaining a certain balance to qualify for fee exemptions.
"Daily Balance" means the amount that must be maintained in a bank account each day to avoid maintenance fees, calculated based on the lowest balance recorded during the business day.
Definition of Daily Balance as a loan tracking mechanism
This definition applies Daily Balance to the monitoring of loan repayment amounts.
"Daily Balance" refers to the outstanding principal and accrued interest in a loan account, updated at the close of each business day to reflect payments and new charges.
Definition of Daily Balance as a fund availability metric
This definition ties Daily Balance to cash management and liquidity assessment.
"Daily Balance" means the total funds available for withdrawal or investment in an account at the end of each business day, excluding pending transactions.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.