Average Daily Assets Law and Legal Definition

Average daily assets refer to the average value of assets on a particular day. It is calculated by adding the value of the assets at the beginning of the day to the value of the assets at the end of the day and dividing by two.

The average daily value of assets within a period of two or more days is calculated by adding the value of the assets at the close of business each day during the period and dividing by the number of days in the period.