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.


Minimum efficient scale

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The smallest output of a firm consistent with minimum average cost. In small countries, in some industries the level of demand in autarky is not sufficient to support minimum efficient scale.


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The minimum amount that the IRS requires must be withdrawn each year from all tax-advantaged retirement plans starting in the calendar year following the year in which the plan holder reaches age 70-1/2.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


Guaranteed minimum pension

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


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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.


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