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

INTERESTED PARTY is any person that has a real and direct interest in any proceeding or action being proposed or taken.

SOM (SUM, CYM) is a currency of Uzbekistan.

Suggest a Term

Enter Search Term

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