2. (Botany) any of the main branches of a tree. 3. a branching or projecting section or member; extension. 4. a person or thing considered to be a member, part, or agent of a larger group or thing. 5. chiefly Brit a mischievous child (esp in limb of Satan or limb of the devil) 6. out on a limb. a. in a precarious or questionable position.
Minimum daily balance. 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[disambiguation needed].
Calculate Daily, Monthly, and Annual Interest Â». I have received a lot of questions about what the average daily balance is and how it is calculated. To answer the first question, the average daily balance is defined as the average of your balance during the billing cycle.