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Minimum wage
Minimum wageThe lowest wage rate that any employer can legally pay, set by the government. RELATED TERMS-------------------------------------- Employer Person or organization who employs people who work for money. Pay Money earned by employees for work performed, in the form of wages or salary. SIMILAR TERMS-------------------------------------- Mini forex trading Small scale trade in foreign currencies. Mini ISA An 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. 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. PREVIOUS AND NEXT TERMS-------------------------------------- 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 Mini-sized dow options A type of option for which the underlying assets are Dow Jones Industrial Average futures contracts. Minority interest A shareholding in a company of which over 50% is owned by a holding company. Minority shareholders Variant of linear programming whereby the objective function is quadratic rather than linear. Minus The symbol (-) that precedes the change figure in a stock table to indicate a closing sale lower than that of the previous day. Minus tick Designates a trade that occurs at a lower price than the immediately preceding trade. We thank you for using the Financial Dictionary to search for Minimum wage. If you have a better definition for Minimum wage than the one presented here, please let us know by making use of the suggest a term option. This definition of Minimum wage may be disputed by other professionals. Our attempt is to provide easy definitions on Minimum wage and any other medical topic for the public at large.
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