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Glossary   >   A   >   "Average Daily Balance Method" Definition            Average Daily Balance Method A finance/accounting method where costs (and interest) are based on the amount(s) owing at the end of each day. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Average Daily Balance Method - A finance/accounting method where costs (and interest) are based on the amount(s) owing at the end of each day.