Definition, Meaning & Synonyms
minimum amount
noun
/ˈmɪnɪməm əˈmaʊnt/
Definition
The smallest possible quantity or value that is considered or required.
Examples
- To open a savings account, you must deposit a minimum amount of $100.
- The minimum amount required for this loan is $5,000.
- There is a minimum amount of time you need to spend on the project to qualify for funding.
Meaning
Minimum amount refers to the least quantity or value that must be met in a certain context, such as financial transactions, measurements, or other standards.
Synonyms
- least quantity
- smallest amount
- minimum value
- lower limit
