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minimum payment

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  • Payment Option ARM Minimum Payment — An option to make minimum payments on an payment option ARM, which is a complex mortgage product with a temporary low interest rate. After the expiration of the temporary start rate, the borrower retains the option to make a payment equal to the… …   Investment dictionary

  • Payment Option ARM — A monthly adjusting adjustable rate mortgage (ARM) which allows the borrower to choose between several monthly payment options: a 30 or 40 year fully amortizing payment, a 15 year fully amortizing payment, an interest only payment, a minimum… …   Investment dictionary

  • payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it …   Financial and business terms

  • payment — noun 1 paying/being paid ADJECTIVE ▪ immediate (esp. BrE), prompt ▪ late ▪ penalties for late payment of tax ▪ early (esp. BrE) ▪ …   Collocations dictionary

  • Minimum Monthly Payment — The smallest amount of a credit card bill that a consumer can pay, to remain in good standing with the credit card company. Making the monthly minimum payment on time is the least a consumer needs to do, to avoid late fees and to have a good… …   Investment dictionary

  • minimum — / mɪnɪməm/ noun the smallest possible quantity, price or number ● to keep expenses to a minimum ● to reduce the risk of a loss to a minimum (NOTE: The plural is minima or minimums.) ■ adjective smallest possible ♦ minimum dividend the smallest… …   Dictionary of banking and finance

  • Payment protection insurance — Payment protection insurance, (also known as PPI, credit protection insurance, loan repayment insurance, not to be confused with income protection or credit card cover) is an insurance product that is often designed to cover a debt that is… …   Wikipedia

  • minimum condition — USA In the context of a two step merger, the minimum condition generally refers to the buyer s requirement that stockholders of the target company tender enough shares during the tender offer, that when combined with the shares of stock that may… …   Law dictionary

  • Payment Card Industry Data Security Standard — The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle cardholder information for the major debit, credit, prepaid, e purse, ATM, and POS cards. Defined by the Payment Card… …   Wikipedia

  • Payment — A payment is the transfer of wealth from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation. The simplest and oldest form of… …   Wikipedia

  • Minimum Down Payment — The minimum cash contribution that must be made by a borrower toward the purchase of a home in order to qualify for a mortgage. The minimum down payment requirements vary by loan program and from lender to lender. Typically, a minimum down… …   Investment dictionary

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