Business terms starting with M

181 terms

Modified Adjusted Gross Income (MAGI) Your modified adjusted gross income (MAGI) is your adjusted gross income (AGI) plus deductions, such as college loan interest and contributions to a…
Modified Duration The weighted average time to receipt of all cashflows, including coupon payments, on a present value basis.
Modillion A projecting scroll-shaped bracket or simple horizontal block arranged in series under the soffit of a cornice.
MOFA See Majority-owned foreign affiliate (MOFA)
Molding A piece of trim that introduces varieties of outline or curved contours in edges or surfaces as on window jambs and heads.
Momentum investing A momentum investor focuses on stocks that are rising in value on increasing daily volume, and avoids stocks that are falling in price or that are…
Monetary policy A country's central bank is responsible for its monetary policy. In the United States, for example, the Federal Reserve aims to keep the economy growing…
Monetary reserve A government's monetary reserve includes the foreign currency and precious metals that its central bank holds.
Money factor A money factor, also called a lease factor, is the finance charge you pay on an automobile lease.
money forwarder [transmitter] and issuer of money orders and travelers checks No person shall engage in the business of issuing Connecticut instruments, or engage in the business of receiving money for transmitting the same, without…
Money manager Registered money managers are paid professionals who are responsible for handling the securities portfolios they oversee in the best interest of the…
Money market A sector of the capital market where short-term obligations such as Treasury bills, commercial paper and bankers' acceptances are bought and sold.
Money Market Account Offered by full-service brokers, these are similar to checking accounts but usually pay higher rates.
Money Market Deposit Account A savings account that offers a higher rate of interest in exchange for larger than normal deposits.
Money Market Fund An open-ended mutual fund that invests in short-term debts and monetary instruments such as Treasury bills and pays money market rates of interest.
Money Order A money order is similar to a check. It is used to pay bills or make purchases in cases where cash is not accepted.
Money Order Fee Many institutions sell money orders for a fee. Institutions may impose separate fees on both account holders and non-account holders for the purchase of…
Money purchase plan A money purchase plan is a defined contribution retirement plan that requires the employer to contribute a fixed percentage of each employee's salary…
Money supply The money supply is the total amount of liquid or near-liquid assets in the economy.
Monte Carlo simulation A Monte Carlo simulation can be used to analyze the return that an investment portfolio is capable of producing.
Monthly Gross Income (MGI) the total income of all homeowners who sign a mortgage before any taxes or other deductions are made.
Monthly or Annual Fee The fee that the institution charges, to its own account holders, for the ability to use their cards. This fee is charged on a monthly or yearly basis.
Monthly Treasury Statement Data series, released by the U.S. Treasury, which summarizes the financial activities of the federal government and off-budget Federal entities in…
Moody's Corporate Ratings Moody's ratings provide investors with a simple system of gradation by which the relative investment qualities of a bond may be noted.
Moody's Investors Service A financial services company that is one of the best known bond rating agencies in the country.
Moody's Investors Service, Inc. Moody's is a financial services company best known for rating investments. Moody's rates bonds, common stock, commercial paper, municipal short-term…
Moody's Short-term Debt Ratings Moody's short-term debt ratings are opinions of the ability of issuers to repay punctually senior debt obligations.
Morgan Stanley Capital International Indexes These indexes are computed by the investment firm Morgan Stanley's Capital International group (MSCI).
Morningstar, Inc. Morningstar, Inc., offers a broad range of investment information, research, and analysis online, in software products, and in print.
Mortality Table A statistical table showing the death rate (probability of death) at each age.
Mortgage A debt instrument used in a real estate transaction where the property is the collateral for the loan.
Mortgage Acceleration Clause A clause allowing a lender, under certain circumstances, demand the entire balance of a loan is repaid in a lump sum.
Mortgage Banker A lender that originates, closes, services and sells mortgage loans to the secondary market.
Mortgage banker/Mortgage company A company providing mortgage financing with its own funds. Although the mortgage banker or company uses its own funds, these funds are generally borrowed…
Mortgage Broker A mortgage broker means a person who, for a fee, commission or other valuable consideration, directly or indirectly, negotiates, solicits, arranges…
Mortgage Company (Supervised Lender) A Supervised Lender is any person authorized to make or take assignments of supervised loans either under a license issued by the Bureau, or as a…
mortgage correspondent lender A mortgage correspondent lender means a person engaged in the business of making mortgage loans in such person's own name where the loans are not held by…
mortgage fund A mutual fund that holds mortgages.
Mortgage holder An entity that holds (owns) mortgages or deeds of trust.
Mortgage Insurance Money paid to insure the lender against loss due to foreclosure or loan default.
Mortgage Insurance (MI) insurance that protects lenders against losses caused by a rhomeowner's default on a mortgage loan.
Mortgage insurance company A company that insures, to lenders, conventional loan repayment in the event of default and/or foreclosure.
Mortgage Insurance Premium (MIP) The amount paid by a borrower for mortgage insurance, either to a government agency such as the Federal Housing Administration (FHA) or to a private…
mortgage interest The interest rate charge for borrowing the money for the mortgage. It is used to calculate the interest payment on the mortgage each month.
Mortgage Interest Deduction The interest cost of a mortgage, which is a tax - deductible expense. The interest reduces the taxable income of taxpayers.
Mortgage Lender A mortgage lender means a person engaged in the business of making mortgage loans in such person's own name utilizing such person's own funds or by…
Mortgage Life and Disability Insurance Term life insurance bought by borrowers to pay off a mortgage in the event of death or make monthly payments in the case of disability.
Mortgage life insurance Term life insurance paid by the borrower in which the amount of coverage decreases as the mortgage balance declines.
Mortgage Loan A loan made by a lender to a borrower for the financing of real property.
mortgage loan originator A mortgage loan originator means an individual who is employed or retained by, or otherwise acts on behalf of, a mortgage lender, mortgage correspondent…
Mortgage Modification a change in the terms of a loan, usually the interest rate and/or term, in response to the homeowner's inability to make the payments under the existing…
Mortgage Note A legal document obligating a borrower to repay a loan at a stated interest rate during a specified period; the agreement is secured by a mortgage that is…
Mortgage Payment the amount of money paid on a monthly basis for principal, interest, property taxes, hazard insurance and homeowner’s association fees, if applicable.
Mortgage Payment Guideline the calculation within HAMP that helps determine a homeowners eligibility. It is calculated as 31% of the homeowner’s current monthly gross income.
Mortgage pool A collection of loans of similar nature which are sold as a unit in the secondary market or used to back a security which is then sold in the capital…
Mortgage Qualifying Ratio Used to calculate the maximum amount of funds that an individual traditionally may be able to afford. A typical mortgage qualifying ratio is 2836.
Mortgage Rate The cost or the interest rate you pay to borrow the money to buy your house.
Mortgage Score A score based on a combination of information about the borrower that is obtained from the loan application, the credit report, and property value…
Mortgage servicing Performing the necessary duties of a mortgagee, such as collecting payments, releasing the lien upon payment in full, foreclosing if in default, and…
mortgage term The length of time that a mortgage is scheduled to exist. Example: a 30-year mortgage term is for 30 years.
mortgage-backed securities Securities issued by government-related agencies that buy up mortgage loans from lenders such as banks and savings and loan associations.
Mortgage-Backed Securities (MBS) MBS are debt securities that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property.
Mortgage-backed Security Ownership claim in a pool of mortgages or an obligation that is secured by such a pool.
Mortgage-Backed Security (MBS) A mortgage‐backed security (MBS) is an asset‐backed security or debt obligation that represents a claim on the cash flows from mortgage loans, most…
Mortgagee The lender in a mortgage loan relationship.
Mortgagor The borrower in a mortgage loan relationship. (Property is used as collateral to make payment.)
Moving average A moving average of securities prices is an average that is recomputed regularly by adding the most recent price and dropping the oldest one.
Mullion A vertical primary framing member that separates paired or multiple windows within a single opening.
Multifamily Housing A building with more than four residential rental units.
Multifamily Mortgage A mortgage loan on a building with more than four dwelling units.
Multifamily Properties Typically, buildings with five or more dwelling units.
Multiple A stock's multiple is its price-to-earnings ratio (P/E). It's figured by dividing the market price of the stock by its earnings.
Multiple Listing Service (MLS) a clearinghouse through which member real estate brokerage firms regularly and systematically exchange information on listings of real estate properties…
Municipal bond (muni) Municipal bonds are debt securities issued by state or local governments or their agencies to finance general governmental activities or special projects.
Municipal bond fund Municipal bond mutual funds invest in municipal bonds. Earnings from these funds are always free of federal income tax for all shareholders in the fund.
Muntin A tertiary framing member that subdivides the sash into individual panes, lights or panels.
Mutual company A mutual company is a privately held company owned by its policyholders, depositors, or other customers.
Mutual Fund A fund operated by an investment company that raises money from shareholders and invests it in stocks, bonds, options, commodities, or money market…
Mutual Funds A fund that pools the money of its investors to buy a variety of securities.
Mutual Life Insurance Company A life insurance company owned by policyholders who share in the company's surplus earnings.
Mutual savings bank An institution owned by its depositors and operated for their benefit. Most of these banks are in the northeastern United States and hold a large portion…