EOD stands for End of Day. Therefore, the full form of EOD balance is the End-of-Day balance. This refers to the final account balance calculated at the close of a business day. It represents the adjusted balance after all credits and debits have been processed for that day.
Several references confirm this meaning:
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Closing Account Balance / End of the Day (EOD) Balance: The provided definition explicitly states that the EOD balance is the account balance computed at the end of the business day, adjusted for all credits and debits during that day.
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EOD Balance Definition | Law Insider: This source defines EOD Balance as the "end-of-day (EOD) credit balance in a CM Account excluding floats on any single day". This further clarifies that it's the balance at a specific cut-off time.
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Why do i gets this negative balance msg from zerodha : r...: A Reddit thread uses EOD to mean "End of the Day" in the context of a negative account balance.
Examples of EOD balance usage:
- A bank account's EOD balance shows the total amount available at the end of each banking day.
- A brokerage account's EOD balance reflects the total value of the investments after market close.
- Businesses use EOD balances to reconcile daily transactions and prepare financial reports.
While some references mention EOD in different contexts (like "entry on duty date" in the USFJ document), these are not related to the financial meaning of EOD balance. The primary and most common usage, as evidenced by multiple sources, is in the context of financial accounting.
