Minimum Payment definition

Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;
Minimum Payment refers to a minimum monthly payment payable on the Payment Due Date, as stipulated in the clause 7.1 (b) (i) and (ii);
Minimum Payment. With respect to a Billing Cycle, the minimum amount that must be paid on the Account by the Due Date for such Billing Cycle, which amount shall be determined in accordance with the procedures set forth in Paragraph 6.1

Examples of Minimum Payment in a sentence

  • Your Minimum payment Due is the greater of $10.00 or 3% of the “new balance” plus the “past due” amount, and/or all amounts in excess of the authorized credit limit shown on the periodic statement.


More Definitions of Minimum Payment

Minimum Payment means the amount indicated as such on an Account Statement;
Minimum Payment. Your minimum payment each statement cycle is 3% of the total new balance shown on the statement, or $20, whichever is greater. If your total new balance is less than $20, your minimum payment is the new balance. If your new balance is more than your credit limit, the minimum payment will be 3% of your credit limit, plus the entire amount of your new balance that is over your credit limit. If you are past due, your minimum payment will be increased by the amount you are past due.
Minimum Payment is defined as:
Minimum Payment means an amount imposed under section 6.35;
Minimum Payment means, the aggregate, as specified in each Statement, of (i) the higher of a specified amount or a percentage, determined by the Bank from time to time (the currently applicable amount and percentage being specified in the attached Schedule), of the outstanding amount shown on the current Statement,(ii) any unpaid minimum payment specified in previous Statements and (iii) the amount by which the outstanding amount shown on the current Statement exceeds the credit limit assigned to the Card Account, which shall be paid by a Cardmember (if the Charges are attributable to such Cardmember's use of a Card) and/or the Account Holder on or before each Payment Due Date. ;
Minimum Payment means the “minimum payment” shown on the front of your account statement.
Minimum Payment means, the aggregate, as specified in each Statement, of (i) the higher of a specified amount or a percentage, determined by the Bank from time to time (the currently applicable amount and percentage being specified in the attached Schedule), of the outstanding amount in Ringgit Malaysia if in relation to the Ringgit Malaysia Card Account, and in Renminbi if in relation to the Renminbi Card Account, shown on the current Statement,(ii) any unpaid minimum payment in Ringgit Malaysia if in relation to the Ringgit Malaysia Card Account, and in Renminbi if in relation to the Renminbi Card Account, specified in previous Statements and (iii) the amount by which the outstanding amount in Ringgit Malaysia if in relation to the Ringgit Malaysia Card Account, and in Renminbi if in relation to the Renminbi Card Account, shown on the current Statement exceeds the credit limit assigned to the applicable Card Account, which shall be paid by a Cardmember (if the Charges are attributable to such Cardmember's use of a Card) and/or the Account holder on or before each Payment Due Date. ;