Definition, Meaning & Synonyms
minimum amount
Phrase
/ˈmɪnɪməm əˈmaʊnt/
Definition
The smallest or least quantity of something that is required or allowed.
Examples
- To open a savings account, you need a minimum amount of $100.
- The restaurant has a minimum amount for credit card payments, which is $10.
- Investors should consider the minimum amount required to participate in the fund.
Meaning
In finance or other contexts, the term ‘minimum amount’ refers to the least sum that must be provided, paid, or maintained in a given situation. It is a threshold that cannot be lowered, ensuring that certain standards or requirements are met.
Synonyms
- least amount
- minimum limit
- lowest sum
