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Mini ISA
Mini ISAAn Individual Savings Account in which UK residents over 18 years of age can shelter up to £3,000 of cash and £4,000 of stocks and shares. RELATED TERMS-------------------------------------- Savings According to Keynesian economics, the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income that he or she earns in a given period of time. Account 1) In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented. 2) In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate. 3) In the context of securities, the relationship between a client and a broker/dealer firm allowing the firm's employee to be the client's buying and selling agent. Cash The value of assets that can be converted into cash immediately, as reported by a company. Usually includes bank accounts and marketable securities, such as government bonds and banker's acceptances. Shares Certificates or book entries representing ownership in a corporation or similar entity. SIMILAR TERMS-------------------------------------- Mini forex trading Small scale trade in foreign currencies. Mini perm Short-term financing used to pay off income-producing construction or commercial properties, usually payable in three to five years. Mini trust Market value of a firms assets divided by replacement value of the firms assets. Mini-manipulation Trading in the underwriting security of an option contract in order to manipulate its price so that the options will become in-the-money. Mini-sized dow options A type of option for which the underlying assets are Dow Jones Industrial Average futures contracts. Minimum funding requirement (MFR) A 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). Minimum income guarantee (MIG) The Minimum Income Guarantee topped up pensioners' incomes from the basic state pension. Minimum lending rate The Nasdaq-100 Index Tracking Stock. This is a tracking stock which trades like an index mutual fund which follows the Nasdaq 100 index. Minimum maintenance A technical indicator developed by Tushar Chande to numerically identify trends in candlestick charting. It is calculated by taking an 'n' period moving average of the difference between the open and closing prices. Minimum margin The initial amount required to be deposited in a margin account before trading on margin or selling short. Minimum price contract A forward contract with a provision guaranteeing a minimum price at delivery of the underlying agricultural commodity. Minimum price fluctuation Smallest increment of market price movement possible in a given futures or options contract. Minimum purchases For mutual funds, the amount required to open a new account (Minimum Initial Purchase) or to deposit into an existing account (Minimum Additional Purchase). Minimum variance portfolio The portfolio of risky assets with lowest variance. Minimum wage The lowest wage rate that any employer can legally pay, set by the government. PREVIOUS AND NEXT TERMS-------------------------------------- Milan Stock Exchange The largest regional stock exchange in Italy, facilitating more than 90% of the country's trading volume. Mileage allowance A deduction of automobile expenses for people using their vehicles for business, charity, moving, medical or any other purpose that qualifies for a deduction. Mill rate The amount of tax paid per dollar of the assessed property value. Miller, Merton Nobel Laureate and coauthor of the famous Miller-Modigliani theorems. Finance professor at the University of Chicago. Mine and yours Terms used by floor traders to signify buying and selling. Mainly used in forex transactions. Mini ISA Mini perm Short-term financing used to pay off income-producing construction or commercial properties, usually payable in three to five years. Mini trust Market value of a firms assets divided by replacement value of the firms assets. Mini-manipulation Trading in the underwriting security of an option contract in order to manipulate its price so that the options will become in-the-money. Minimum funding requirement (MFR) A 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). Minimum income guarantee (MIG) The Minimum Income Guarantee topped up pensioners' incomes from the basic state pension. We thank you for using the Financial Dictionary to search for Mini ISA. If you have a better definition for Mini ISA than the one presented here, please let us know by making use of the suggest a term option. This definition of Mini ISA may be disputed by other professionals. Our attempt is to provide easy definitions on Mini ISA and any other medical topic for the public at large.
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