These resources are brought to you by the Cooperative Extension System and your Local Institution

Personal Finance Home

Have a question? Try asking one of our Experts

Average Daily Balance

Last Updated: November 14, 2006

View as web page


A method of computing finance charges in which creditors add your balances for each day in a billing period and then divide that total by the number of days in the period.

Browse related Articles by tag: personal finance, financial security: consumer credit, glossary


Have a specific question? Try asking one of our Experts

Unlike most other resources on the web, we have experts from Universities around the country ready to answer your questions.