Definition of «to pay the minimum»

"To pay the minimum" means to make the smallest or lowest payment possible on a debt or bill. It implies that you are only paying the required amount, and may not be paying off the entire balance.

Phrases with «to pay the minimum»

to pay the minimum amount
to pay the minimum payment
to pay the minimum each month
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Sentences with «to pay the minimum»

After you see these numbers, you may think twice about only paying minimum payments on your credit cards. (nomorecreditcards.com)
In 10 years you could be piling up the cash instead of paying the minimum on your student loans like your friends. (daveramsey.com)
By only paying the minimum amount due each month on a credit card, consumers are increasing their borrowing costs. (usfinancialcapability.org)
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