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 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.


Alternative minimum tax

Alternative minimum tax

A 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 variance frontier

Minimum variance frontier

Graph of the lowest possible portfolio variance that is attainable for a given portfolio expected return.


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.


Guaranteed minimum period

Guaranteed 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.


Further Suggestions

minimum price fluctuation
Minimum variance portfolio
minimum quote size
Minimum import price
Minimum price system
Minimum efficient scale
Minimum maintenance
minimum funding requirement
guaranteed minimum pension
minimum maintenance
Required minimum distribution (RMD)


 
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