Low Balance Method

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Definition: Low Balance Method

Low Balance Method
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Full Definition of Low Balance Method

A way to calculate interest based on the lowest balance in an account over a specific period of time.

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https://payrollheaven.com/define/low-balance-method/
Modern Language Association (MLA):
Low Balance Method. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/low-balance-method/.
Chicago Manual of Style (CMS):
Low Balance Method. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/low-balance-method/ (accessed: April 19, 2024).
American Psychological Association (APA):
Low Balance Method. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/low-balance-method/

Definition Sources

Definitions for Low Balance Method are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.