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.



Similar Matches

Minimum variance portfolio

Minimum variance portfolio

The portfolio of risky assets with lowest variance.


Minimum maintenance

Minimum maintenance

The lowest required equity level that must be held with a broker in a margin account. See: margin call.


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Minimum import price

See minimum price system.


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.


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The minimum amount that the IRS requires must be withdrawn each year from all tax-advantaged retirement plans starting in the calendar year following the year in which the plan holder reaches age 70-1/2.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.


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