Common use of Minimum Interest Charge Clause in Contracts

Minimum Interest Charge. There will be a minimum interest charge (finance charge) of fifty cents ($.50) for each billing period in which a periodic interest charge is payable on your Purchases Account.

Minimum Interest Charge. There will be a minimum interest charge (finance charge) of fifty fifty cents ($.50) for each billing period in which a periodic interest charge is payable on your Purchases Account.