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Minimum lending rate |
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Minimum lending rateThe minimum rate of interest at which the Bank of England was willing to lend to the money markets. Discontinued in 1981.Similar MatchesMinimum variance portfolioMinimum variance portfolioThe portfolio of risky assets with lowest variance. Minimum maintenanceMinimum maintenanceThe lowest required equity level that must be held with a broker in a margin account. See: margin call. Minimum import priceMinimum import priceSee minimum price system. Minimum income guaranteeMinimum income guaranteeThe 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. Required minimum distribution (RMD)Required minimum distribution (RMD)The minimum amount that the IRS requires must be withdrawn each year from all tax-advantaged retirement plans starting in the calendar year following the year in which the plan holder reaches age 70-1/2. Roth IRAs are exempt from this rule. Further SuggestionsMinimum efficient scaleguaranteed minimum pension minimum funding requirement minimum quote size minimum maintenance Minimum price system Minimum variance frontier Alternative Minimum Tax (AMT) guaranteed minimum period minimum price fluctuation alternative minimum tax |
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