minimum account balance

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• Minimum daily balance — In banking, a minimum daily balance is the minimum balance that a banking institution requires account holders to have in their accounts EACH day in order to waive maintenance fees. A minimum average daily balance is the minimum average balance… …   Wikipedia

• account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …   Financial and business terms

• Minimum viable population — (MVP) is a lower bound on the population of a species, such that it can survive in the wild. This term is used in the fields of biology, ecology, and conservation biology. More specifically MVP is the smallest possible size at which a biological… …   Wikipedia

• Minimum Balance — The minimum dollar amount that a customer must have in an account in order to receive some sort of service, such as keeping the account open or receive interest. There can be more than one minimum balance for the same account. For example, a… …   Investment dictionary

• Balance Protection — The optional coverage on an existing credit card account. Typically, the fee for the balance protection is a specified percentage of the balance on the card and is added as a fee to the monthly statement. The balance protection coverage is… …   Investment dictionary

• Minimum wage — A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many… …   Wikipedia

• minimum balance — /ˌmɪnɪməm bæləns/ noun the smallest amount of money which must be kept in an account to qualify for the services provided …   Dictionary of banking and finance

• Cash balance plan — A cash balance plan is a defined benefit retirement plan that maintains hypothetical individual employee accounts like a defined contribution plan. The hypotheticality of the individual accounts was crucial in the early adoption of such plans… …   Wikipedia

• Transactional account — Banking A series on Financial services …   Wikipedia

• IRA Required Minimum Distributions — Required Minimum Distributions, often referred to as RMDs, are amounts that the federal government requires you to withdraw annually from traditional IRAs and employer sponsored retirement plansLifetime DistributionsAmericans with IRA plans are… …   Wikipedia

• Tiered-Rate Account — A checking or savings account that pays interest in increasingly higher amounts as the account balance increases. Each tier corresponds to a range of account balances and interest rates earned by the customer if his or her balance falls within… …   Investment dictionary