The phrase "a minimum payment of" is correct and usable in written English.
It can be used when specifying the least amount of money that must be paid in a transaction or agreement.
Example: "To maintain your account in good standing, please ensure that you make a minimum payment of $50 each month."
Alternatives: "a required payment of" or "the lowest payment of".
It would provide a minimum payment of $300 for individuals paying less than that in income taxes who show earned income of at least $3,000.
The sliding scale for compensation works this way: any eligible person is entitled to a minimum payment of $250 by filling out the proper forms.
The bill would establish a minimum payment of $525 a month for beneficiaries in any metropolitan area with a population of more than 250,000.
Every member of the workforce, from the highest-paid engineer down to the catering staff and cleaners, will receive a minimum payment of £10,000.
Alternatively Burberry could exercise its right to buy out its contract in July 2012 for a minimum payment of €200m, rather than wait till the licence period ends in 2017.
It would also provide a minimum payment of $500 for all tax filers reporting at least $3,000 in income, and an additional payment for families of $300 per child.
Managements at Premier League clubs also came under fire after securing a 70 per cent increase in payments by Sky and BT for domestic TV rights over three seasons – valuing each match at £10m and securing a minimum payment to each club of £99m.
A reformed program with personal accounts would guarantee each beneficiary a minimum payment, regardless of how their diversified accounts performed.
His five-year contract there includes a $10m loan, to be forgiven (what sort of loan is that?) in $2m tranches over five years; bonuses, options and deferred stock in vast amounts; an automobile "similar in class to that of the current Mercedes Benz S600"; and a guaranteed minimum payment of $2.25m a year after he retires.
You may have an APR higher than 16% or a minimum payment that's less than 2% of your balance.
The current minimum weekly payments range from £209 for fostering a 16- to 17-year-old in London down to the minimum payment of £119 a week for fostering a baby in the UK outside London and the south-east.
