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].
average daily balance. The average amount that exists in an account over a period of time. The number is calculated by adding the daily balances over a period of time and dividing by the total number of days in that period. Used in the average daily balance method for determining interest. â You should try and come up with a good average daily balance and figure out how to achieve it when you can.