average due date

noun

Definition of average due date

: a computed date on which with fairness to debtor and creditor one settlement in full may be made for all variously dated items in an account

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Cite this Entry

“Average due date.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/average%20due%20date. Accessed 18 Jan. 2022.

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