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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 MatchesGuaranteed minimum pensionGuaranteed minimum pensionThe minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension). Minimum maintenanceMinimum maintenanceThe minimum amount of equity which must be kept in a margin account as specified by the New York Stock Exchange, the National Association of Securities Dealers and brokerage firms. Minimum 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 import priceMinimum import priceSee minimum price system. Further Suggestionsguaranteed minimum periodminimum price fluctuation Required minimum distribution (RMD) minimum funding requirement Minimum price system Minimum efficient scale minimum quote size Minimum variance portfolio Minimum maintenance Minimum variance frontier Alternative Minimum Tax (AMT) |
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