- Minimum Lending Rate
- /ˌmɪnɪməm 'lendɪŋ reɪt/ nounformerly, the rate at which the Bank of England used to lend to other banks (now called the ‘base rate’).Abbreviation MLR
Dictionary of banking and finance. 2015.
Minimum Lending Rate
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minimum lending rate — ➔ rate1 * * * minimum lending rate UK US noun [C] (ABBREVIATION MLR) BANKING, FINANCE ► BASE RATE(Cf. ↑base rate): » … Financial and business terms
minimum lending rate — the official interest rate charged by the Bank of England and below which it will refrain from lending money. * * * minimum lending rate noun (from 1972 to 1981) the minimum rate of interest charged by the Bank of England to the discount market • … Useful english dictionary
minimum lending rate — MLR Between 1971 and 1981, the minimum rate at which the Bank of England would lend to the discount houses This was a published figure; the present more informal base rate does not have the same status … Big dictionary of business and management
minimum lending rate — the official interest rate charged by the Bank of England and below which it will refrain from lending money. * * * … Universalium
Bank of England minimum lending rate — ➔ rate1 … Financial and business terms
rate — The cost of debt service paid by a borrower or issuer to a lender or investor. The rate is expressed as an annual percentage of the amount borrowed. For some notes and bonds that pay interest semiannually, the semiannual interest due to the… … Financial and business terms
minimum — n. & adj. (pl. minima) n. the least possible or attainable amount (reduced to a minimum). adj. that is a minimum. Phrases and idioms: minimum lending rate the announced minimum percentage at which a central bank will discount bills (cf. base rate … Useful english dictionary
Official bank rate — The official bank rate (also called the Bank of England base rate[1] or BOEBR) is the interest rate that the Bank of England charges Banks for secured overnight lending. It is the British Government s key interest rate for enacting monetary… … Wikipedia
Bank rate — For the company, see Bankrate. Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the … Wikipedia
bank rate — noun the discount rate fixed by a central bank • Hypernyms: ↑discount rate, ↑discount, ↑bank discount * * * noun Etymology: bank (IV) : the discount rate fixed by a central bank (as by the Bank of England) … Useful english dictionary
