|
|
Minimum lending rate |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 income guaranteeMinimum income guaranteeThe 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 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 variance frontierMinimum variance frontierGraph 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 periodGuaranteed minimum periodThe 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 Suggestionsminimum price fluctuationMinimum 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) |
|
|
|