Minimum import price

 

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Minimum import price

See minimum price system.



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Minimum lending rate

Minimum lending rate

The minimum rate of interest at which the Bank of England was willing to lend to the money markets. Discontinued in 1981.


Minimum income guarantee

Minimum income guarantee

The Minimum Income Guarantee tops up pensioners' incomes from the basic state pension. In the year 2003, the top up is to 102.10 a week for a single person to 155.80 for a couple.The MIG rises with wages inflation which tends to move faster than price inflation (on which the basic state pension is based) so in time the gap between the state pension and the MIG should grow.Anyone with assets over 12,000 is disqualified from the MIG.


Minimum quote size

Minimum quote size

A London Stock Exchange term which refers to the minimum number of shares in which market makers must display prices on the SEAQ for those securities for which they are registered.


Minimum maintenance

Minimum maintenance

The minimum amount of equity which must be kept in a margin account as specified by the New York Stock Exchange, the National Association of Securities Dealers and brokerage firms.


Alternative Minimum Tax (AMT)

Alternative Minimum Tax (AMT)

A federal tax aimed at ensuring that wealthy individuals, estates, trusts, and corporations pay a minimal level income tax. For individuals, the AMT is calculated by adding adjusted gross income to tax preference items.


Further Suggestions

Minimum variance frontier
Minimum maintenance
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alternative minimum tax
minimum funding requirement
Required minimum distribution (RMD)
guaranteed minimum period
guaranteed minimum pension
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Minimum price system


 
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