Minimum Amount Due definition
Minimum Amount Due or “MAD” means the amount stated as such in the Statement.
Minimum Amount Due is a % of the Current Balance subject to a minimum amount and the Over-limit Amount (if any), which if paid by the Payment Due Date to avoid any late payment charges. Any Overdue Amounts will be included in the Minimum Amount Due.
Minimum Amount Due or “MAD” means the amount mentioned in the SBM Rupicard Credit Card statement, which is the minimum payment a Cardmember must make by the payment due date to keep the card account in good standing.
Examples of Minimum Amount Due in a sentence
If we end this FPO Agreement you must immediately pay any sums that are due and payable and continue to pay the Minimum Amount Due.
The Minimum Amount Due is calculated as set out in the FPO Financial Table.
Please note that credits for example as a result of goods that are returned to a merchant or a service fee credit, do not constitute a payment and do not satisfy the requirement to pay the Minimum Amount Due.
Non-payment of Minimum Amount Due may also lead to discontinuation of credit card services.
We will adjust your Linked Account statement every month so that it informs you of your monthly Closing Balance and the Minimum Amount Due for that statement period.
More Definitions of Minimum Amount Due
Minimum Amount Due or “MAD” means the amount mentioned in the OneCard credit card statement, which is the minimum payment a Cardmember must make by the payment due date to keep the card account in good standing;
Minimum Amount Due means:
Minimum Amount Due means such percentage of the Total Outstanding balance in the Card Account, as may be determined by the Bank from time to time, that a Cardmember is required to pay at each instance of the Billing Cycle and carry forward the balance amount for payment in the next Billing Cycle. For the purpose herein, it is clarified that the Cardmember must pay at least the amount indicated as Minimum Amount Due for each Billing Cycle and the balance amount carried forward will attract Finance Charges and the same will have to be paid by the Cardmember.
Minimum Amount Due. Each month you must pay a minimum amount that is calculated as follows:
Minimum Amount Due is 5% of the Current Balance subject to a minimum of Tk.500/or such other amount as determined by the Bank from time to time, which if paid by the Payment Due Date will avoid any late payment charges.
Minimum Amount Due or "MAD" means the amount stated as such in the Statement.
Minimum Amount Due means the least amount I have to pay on or before the Payment Due Date to keep my account current. Minimum Amount Due computation: