Minimum lending rate
Minimum lending rateThe minimum rate of interest at which the Bank of England was willing to lend to the money markets. Discontinued in 1981.
Minimum price systemMinimum price system
Specification of the lowest price permitted for an import. Prices below the minimum may trigger a tariff, hence a variable levy, or quota. See maximum price systerm. These have several names: basic import price, minimum import price, reference price, and trigger price.
Guaranteed minimum periodGuaranteed minimum period
The period during which an annuity is paid irrespective of whether the annuitant dies during that period.If the annuitant lives beyond this period, payments continue until death. An annuity with such a guarantee could benefit people, with dependants who require the income to continue after their death. This means that the sum of money paid for the annuity would not be wasted in the event of early death.
Minimum variance portfolioMinimum variance portfolio
The portfolio of risky assets with lowest variance.
Minimum import priceMinimum import price
See minimum price system.
Minimum income guaranteeMinimum 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.
Further SuggestionsMinimum variance frontier
Alternative Minimum Tax (AMT)
guaranteed minimum pension
minimum quote size
Minimum efficient scale
Required minimum distribution (RMD)
alternative minimum tax
minimum funding requirement
minimum price fluctuation