Minimum lending rate

 

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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.



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Minimum price fluctuation

Minimum price fluctuation

Smallest increment of market price movement possible in a given futures or options contract.


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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.


Alternative minimum tax

Alternative minimum tax

A tax which targets high wealth individuals to pay a minimum amount of tax. The tax is calculated on the sum of adjusted gross income and tax preference items less exemptions.


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Guaranteed minimum pension

The minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension).


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