When it comes to describing a minimum value or limit, "lower bound" is a popular term. However, for variety in writing or speaking, there are many synonyms that can be used in its place. Some of these synonyms include floor, cutoff, bottom line, base level, minimum threshold, and starting point. These terms can be interchanged depending on the context and tone of what is being communicated. For example, the floor price of a product may refer to the minimum amount a seller is willing to accept for it. Understanding the meaning and usage of these synonyms can enhance one's vocabulary and provide clarity in conveying ideas or data in various settings.