What does ADB mean in BANKING
Average Daily Balance (ADB) is a term often used in the banking and finance industries. It is commonly used to refer to the average account balance of a customer over the course of a certain period of time. ADB is typically calculated by adding an account's daily closing balances and then dividing by the number of days in that period.
ADB meaning in Banking in Business
ADB mostly used in an acronym Banking in Category Business that means Average Daily Balance
Shorthand: ADB,
Full Form: Average Daily Balance
For more information of "Average Daily Balance", see the section below.
Essential Questions and Answers on Average Daily Balance in "BUSINESS»BANKING"
Final Words:
Overall, understanding what an Average Daily Balance means can help you make informed decisions when it comes to managing and maintaining your finances. Knowing how this calculation works can also help you keep track of any fees associated with it so that you can avoid them if possible—or work towards waiving them through various bank products or services offered by financial institutions.
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