Low balance method

Definition

A method of calculating interest on the basis of the lowest balance of an account over the applicable period.

Investing Essentials

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


Term of the Day

Black Friday
A precipitous drop in a financial market . The original Black Friday occurred on September 24, 1869, when prospectors attempted to corner the gold market.

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

Create your free portfolio