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minimum payment
min·i·mum pay·ment
(
plural
min·i·mum pay·ments
)
noun
Definition:
smallest credit payment not penalized:
the smallest payment a consumer can make on what they owe on a charge card or credit card bill without incurring a penalty
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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