- minimum balance
- /ˌmɪnɪməm 'bæləns/ nounthe smallest amount of money which must be kept in an account to qualify for the services provided
Dictionary of banking and finance. 2015.
minimum balance
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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
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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
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
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Minimum viable product — In product development, the Minimum Viable Product or MVP is a strategy used for fast and quantitative market testing of a product or product feature, popularized by Eric Ries for web applications.[1][2] Contents 1 Description 1.1 Techni … Wikipedia
