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While there is no minimum sum required to set up a foundation or a trust, bankers recommend starting with at least $1 million, given the costs associated with running the structure.
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The minimum sum is required to be no less than €115 per 1000 cigarettes.
If such a stream cannot be found, a stream that causes the minimum sum rate decrease is selected for a user with no selected streams.
Crucially, the accounts normally insist you pay in a minimum sum – often £1,000 – every month.
The manager, distressed, told Spark she was insured for only a minimum sum.
(To win consignments, auction houses often issue guarantees to prospective sellers, agreeing to fork out a minimum sum even if the work does not sell).
Rather than give the corporation a guarantee, an undisclosed minimum sum regardless of the sale's outcome, Christie's had bought the nine works outright.
Sotheby's had given LVMH a guarantee, an undisclosed minimum sum regardless of the sale's outcome, which is always a risk.
(To get the collection away from Sotheby's, Christie's has given the museum a guarantee, an undisclosed minimum sum, regardless of the sale's outcome).
Mr Pollard called for the introduction of a minimum sum which lenders must leave in a client's accounts by law to "avoid absolute destitution".
To beat out Sotheby's and Christie's, which were also eager to sell Mr. Hobbs's collection, Phillips has given Mr. Hobbs a guarantee, an undisclosed minimum sum regardless of the sale's outcome.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com