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lower bound

[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.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for lower bound
  • So the odds of running up against the zero lower bound are high, and recovery can be a long time in coming.
  • Both credit markets and labour markets struggle to clear because of the problem of low inflation at the zero lower bound.
  • Monetary policy has been operating near the zero lower bound to provide maximum monetary stimulus.
  • But, he pointed out, interest rates are constrained by the zero lower bound.
  • For starters, they would reduce real interest rates, mitigating the problem of the zero lower bound on nominal rates.
  • If anything, these results are likely a lower bound.
  • The federal funds rate is near the zero lower bound.
  • Since the lower bound is negative and the upper bound is positive, the percent change is not statistically significant.
  • Data collected in scientific and engineering applications often have a lower bound of zero.
  • Some measurements have a lower bound and are skewed right.
lower bound in Science
lower bound  
A number that is less than or equal to every number in a given set.
The American Heritage® Science Dictionary
Copyright © 2002. Published by Houghton Mifflin. All rights reserved.
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