Legal Definition and Related Resources of Daily Balances
Meaning of Daily Balances
The various balances for the different days in the period for which interest is to be paid, and average daily balance for the interest period means the sum of these daily balances divided by the number of days in the interest period. See Jones v Marrs, 263 S. W. 570, 114 Tex. 62.
Related Entries of Daily Balances in the Encyclopedia of Law Project
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Daily Balances in Historical Law
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Legal Abbreviations and Acronyms
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