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minimum lending rate
min·i·mum lend·ing rate (plural min·i·mum lend·ing rates)


noun 
Definition:
 
U.K. lowest bank rate: the official lowest interest rate at which the Bank of England formerly lent to discount houses, replaced by the base rate in 1981
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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