Adjusted balance method

Definition:

Method of calculating finance charges that uses the account balance remaining after adjusting for all transactions posted during the given billing period as its basis. Related: Average daily balance method, previous balance method, past due balance method.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Manufacturing ISM Report on Business

A monthly report released by the Institute for Supply Management measuring growth in the manufacturing sector.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio