Business / Taxes / Minimum Finance Charge: A minimum finance charge is a fee collected by a credit card issuer each billing period. It applies when the actual finance charge you owe isn?€™t equal to or larger than this minimum. For example, if the minimum finance charge is 50 cents, and you owe $5 in finance charges, the minimum would not apply. But if you had no other finance charges, you?€™d owe the 50 cents. Not all issuers impose a minimum finance charge, so if you regularly pay your bill in full and on time, you may prefer an issuer who does not charge this fee.
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Charge Noun Synonyms: load, burden, weight, onus, impediment, care, concern, obligation
Charge Verb Synonyms: fill, imbue, load, instil, pervade, permeate, saturate, suffuse
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Finance Noun Synonyms: fund, subvene, invest in, back, capitalize, underwrite, subsidize, pay for, bankroll
Finance Adverb Synonyms: resource(s), banking, accounting, economics, money (management), business, commerce, (financial) affairs, investment
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Minimum Verb Synonyms: least, lowest, nadir
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Business / Accounting / Fair Credit And Charge Card Disclosure Act (1989): A part of the Truth in Lending Act that mandates a box on credit card applications that describes key features and costs (i.e., APR, grace period for purchases, minimum finance charge, balance calcula MORE
Business / Finance / Minimum Price Fluctuation: Smallest increment of price movement possible in trading a given contract. Also called point or tick. MORE
Health / Dentistry / Minimum Monthly Benefit: There is usually a minimum amount paid as a monthly benefit after reductions for 'Other Income Benefits'. MORE