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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 variance frontierMinimum variance frontierGraph of the lowest possible portfolio variance that is attainable for a given portfolio expected return. Minimum 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). Minimum price fluctuationMinimum price fluctuationSmallest increment of market price movement possible in a given futures or options contract. Minimum quote sizeMinimum quote sizeA 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. 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. Further Suggestionsminimum maintenancealternative minimum tax Minimum maintenance guaranteed minimum pension Minimum import price minimum income guarantee Required minimum distribution (RMD) Minimum variance portfolio guaranteed minimum period Alternative Minimum Tax (AMT) Minimum price system |
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