What does "lower bound" mean?

A value that is less than or equal to every element of a given set of values.

Lower bound

Common synonyms include: base value, bound from below, floor price, floors, greatest lower bound, infimum.

noun

noun ·Rare ·Advanced level

Noun

1
A value that is less than or equal to every element of a given set of values.
2
(mathematics) a number equal to or less than any other number in a given set wordnet