Minimum daily balance Definition In banking, a minimum daily balance is the minimum balance that a banking institution requires account holders to have in their accounts each day in order to waive maintenance fees. Additional meaning of Minimum daily balance: A minimum average daily balance is the...
Minimum Annual Resource Requirement means, for Delivery Years through May 31, 2017, the minimum amount of capacity that PJM will seek to procure from Annual Resources for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under Tariff...
Minimum Hourly Work Requirementmeans the work hours over a given time period that are required of you by your Employer in order to be eligible for coverage. Your Minimum Hourly Work Requirement is specified in the Schedule of Benefits.
The coinsurance clause will only be in effect at the event ofpropertyloss. During a loss, the insurance limit and the required amount to be used for insurance based on the coinsurance percentage are compared and must have a ratio equal to or greater than one, else, a penalty will be given...
194 and an interest rate of roughly 16.61%, which is the average credit cardAPRaccording to theFed'smost recent data from February 2020. We used the minimum payment definition from above, using the greater of $35 or 1% of your balance plus interest charges and assumedno late feesor ...
Six variables are required to define this simple point source seismicity: the Gutenberg and Richter (1955) constants, a = 4.5 and b = 1, the minimum and maximum moment magnitudes, Mmin and Mmax = 7.5, the (Joyner-Boore) distance, Rjb, from the point source to the given ...
Minimum Balancemeans, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month. ...
Minimum Balancemeans, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month. ...
An example of a minimum balance would be the amount of cash required in a bank account at a financial institution to reap a certain reward. For example, Bank ABC may charge $10 a month to keep a bank account open but if you keep a minimum balance of at least $200 in the account at...
Some designated beneficiaries may be required to withdraw the entire account balance by the 10th calendar year following the year of the account owner’s post-2019 death, whereas some non-designated beneficiaries may be required to withdraw the entire account balance within five years of the account...