Topical Terminology > Minimum Payment
Minimum payment
For Minimum payment we have terms and definitions in 3 topics. The topics are Credit, Credit Cards and Purchasing A Home.
Minimum Payment (Credit) 
The smallest payment a customer can make each statement period to keep the account in good standing.
See more Credit Terms ...
Minimum Payment (Credit Cards)
A minimum payment is the minimum amount a cardholder can pay to keep the account from going into default. Most card issuers require a minimum payment of at least 2 percent of the outstanding balance.
See more Credit Cards Terms ...
Minimum Payment (Purchasing A Home)
The minimum amount that you must pay (usually monthly).
See more Purchasing A Home Terms ...
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