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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 funding requirementMinimum funding requirementA rule introduced in the wake of the Maxwell pensions scandal which was intended to ensure that company pensions funds always had enough assets to pay out their liabilities (i.e. pensions to retired members of the scheme).The legislation uses the yield from long term gilts as the yardstick by which a pensions fund's liabilities are measured. To stay within the rules, funds have felt obliged to buy these long-term bonds, with the result that their price has gone sky high.One alternative being considered is to change the whole way liabilities are valued and, in effect, to allow the funds to invest in more exciting securities than gilts, but to couple this with an insurance fund that bails out those funds that are unable to meet their liabilities. This insurance fund would be called the Central Discontinuance Fund (CDF). Alternative minimum taxAlternative minimum taxA 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. Minimum efficient scaleMinimum efficient scaleThe 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. Minimum price systemMinimum price systemSpecification 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. 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. Further SuggestionsMinimum import priceguaranteed minimum pension minimum quote size minimum income guarantee Minimum variance portfolio minimum price fluctuation Minimum variance frontier guaranteed minimum period Required minimum distribution (RMD) minimum maintenance Minimum maintenance |
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