lower bound

American  

[loh-er] / ˈloʊ ər /

noun

Mathematics.

1. an element less than or equal to all the elements in a given set.

   The numbers 0 and 1 are lower bounds of the set consisting of 1, 2, and 3.

---

lower bound Scientific  

1. A number that is less than or equal to every number in a given set.

---

Example Sentences

This would be a fairly conservative option, and effectively factors in a new lower bound for Bank Rate of -0.5% to -0.75%.

From Reuters

The key ECB interest rates have been close to their lower bound for some time and the medium-term outlook for inflation is still well below the Governing Council’s target.

From Reuters

“We do not make our monetary policy contingent on targets not met in the past: our strategy remains forward-looking and takes into consideration the new challenge of the effective lower bound.”

From Reuters

"So the numbers here are a conservative lower bound estimate of the true heat deaths due to climate change," she said.

From Salon

The omission of the emerging costs to health is one of many reasons why the IWG’s current estimates should be understood as a lower bound.

From Scientific American