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 (see BASE(1))).
Usage:
Abolished in the UK in 1981. minimum wage the lowest wage permitted by law or special agreement.
Etymology: L, neut. of minimus least