Common use of Daily Balance Computation Method Clause in Contracts

Daily Balance Computation Method. Dividends are calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day.  Accrual of Dividends. Dividends will begin to accrue no later than the business day that we receive credit with the exception of IMMA and IMMA Gold accounts.

Daily Balance Computation Method. Dividends are calculated by the daily balance method which applies a daily periodic period rate to the principal in the account each day.  • Accrual of Dividends. Dividends will begin to accrue no later than the business day that we receive credit with the exception of IMMA and IMMA Gold accountscredit.

Daily Balance Computation Method. Dividends are calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day.  • Accrual of Dividends. Dividends will begin to accrue no later than the business day that we receive credit with the exception of IMMA and IMMA Gold accounts.