MINIMUM PAYMENT Definition

Bookmark and Share

MINIMUM PAYMENT is the minimum amount that you must pay, e.g. usually monthly on a home equity loan or line of credit. In some payment agreements the minimum payment may be "interest only" (simple interest). In other loan agreements, the minimum payment may include principal and interest (amortized).

Learn new Accounting Terms

REALIZATION PRINCIPLE is that revenue should be recognized at the time goods is sold and services are rendered.

EUROCURRENCY is currency held by banks, corporations or individuals outside its country of origin: e.g. eurodollar, eurosterling, etc. The euro part of the name derives from the place where the first market in such currencies (normally dollars) arose.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.