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Minimum paymentThis is the contractual minimum amount you must pay off each month. Generally, this is a percentage of the credit card statement balance. If you only pay the minimum it could take you a long time to p [..]
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Minimum paymentThe minimum payment is the lowest amount of money that you are required to pay on your credit card statement each month. See your credit card "terms and conditions" document to see how your credit card's minimum payment is calculated. Until 2004, minimum payments were commonly as low as 2 percent, which meant that any large balance c [..]
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Minimum paymentDefinition The smallest amount which can be paid on a revolving charge account to avoid a penalty.
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Minimum paymentA minimum payment is the smallest amount of money that a borrower must pay on a credit card statement for the month. Each credit card company can have different amount that will be due, but the "terms and conditions" document will outline the requirements for how much must be paid. Recently, the minimum payment has been raised from around [..]
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Minimum paymentthe smallest amount you are required to pay a lender each month on a debt.
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Minimum paymentThe minimum dollar amount that must be paid each month on a loan, line of credit, or other debt. See also Minimum Payment
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Minimum paymentThe minimum amount your credit card issuer requires you to pay on the outstanding credit card balance.
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Minimum paymentIn a credit arrangement, the lowest amount that a borrower must pay toward the credit balance each month in order to avoid a penalty.
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Minimum paymentOn a revolving charge account, the smallest acceptable amount of payment. This payment may only cover the interest without reducing the principal preventing debt reduction.
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Minimum paymentThe lowest amount that must be paid each month on a debt such as a loan or credit card.
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Minimum paymentMinimum payment is the smallest payment amount a creditor will accept on a revolving debt without charging a penalty. Minimum payments are usually calculated as a small percentage (such as 3 percent) [..]
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Minimum paymentThe least amount a person can pay each month.
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Minimum paymentThe lowest amount that can be paid. Usually applies to credit cards monthly
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Minimum paymentThe minimum amount that you must pay (usually monthly).
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Minimum paymentThe lowest amount that must be paid each month on a debt such as a loan or credit card.
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Minimum paymentThe smallest amount that must be paid on a debt, such as a loan or credit card balance.
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Minimum paymentThe smallest payment a consumer can make in a billing cycle to keep the account from going into default.
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Minimum paymentThe smallest payment a consumer can make in a billing cycle to keep the account from going into default.
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Minimum paymentOn a credit card account or loan, a fixed percentage of the balance due which must be paid each month. Related Topics Credit Cards
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Minimum paymentThe minimum payment is the payment you must pay in order to meet the minimum established as part of the University's payment plan and is calculated by taking the current term charges, dividing by the payments remaining for the semester, and adding any charges due in full.
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Minimum paymentThe minimum amount that must be paid monthly on an account. On the HELOC product, the minimum payment is interest only during the draw period. On the Fixed Rate Second products, the minimum payment is principal and interest.
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