The absolute most you can do and still have the least value or result at the time.
Jeb thought he had won when the only word he said all day was "Hello", but I beat him by going for the maxinimum and responded with "Hey."
The very least value or effort required to achieve the current-highest result or value.
I wanted to best Sal's record of 3 books read in a year, so I went for the minaximum and read 4.
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