In the Zener diode I-V characteristic, what does I ZM indicate?

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In the Zener diode I-V characteristic, what does IZM indicate?

The reverse current at the Zener breakdown.

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The current at which the Zener voltage is stabilized.

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The current at which the Zener diode is operating in avalanche breakdown.

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The maximum current beyond which the diode might be damaged.

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