Business Terms and Definitions (M)
Maintenance Fee: A fee charged to a customer to maintain or service an account.
Manipulation: The illegal act of buying or selling securities for the explicit purpose of creating a false impression of rising or falling prices in the marketplace in order to get others to buy or sell their assets, such manipulating the prices of stocks, bonds, gold, silver, oil, or other commodities.
Margin: The difference between a bank's borrowing rate and the rate it charges it's customers when it makes a loan. It is also the amount charged a customer when using a broker's credit to buy and/or sell securities.
Marital Deductions: Deductions for a surviving spouse that is exempt from federal estate taxes provided for by the Economic Recovery Act of 1981. The Economic Recovery Act eliminated double taxation of inherited assets upon the death of a spouse.
Market Comparisons: A critique or comparison of periods of changes in the stocks and bonds market, usually when something of importance takes place, like a crisis in government, wars, devastating storms, terrorist attacks, assassinations, or other events that makes the general population nervous.
Market Price: The last reported price that an entity has been sold on the open market for, such as real estate, stocks, bonds, gold, silver, antiques, paintings, or other property.
Maturity: The date in which the principle balance of a loan or security is due and is scheduled to be paid in full.
Mechanic's Lien: A claim, enforceable by law, that secures payment to contractors for work performed in construction or in the repairing real property. The lien is attached to the property and remains on it until it is paid.
Mediation: A process in which a neutral third party helps to facilitate a solution to a disagreement between two other parties.
Merger: The combining of two or more companies or other organizations to form a single entity in which one takes on the identity of the acquiring company. The acquiring company may also take on the name of the acquired if the acquired has a better known branded name.
Minimum Payment: The smallest payment that can be made towards an outstanding balance owed while still meeting the terms of the established contract.
Minimum Wage: The least dollar per hour wage that a company can pay it's employees due to standards set by federal and/or state laws and regulations.
Money: An instrument of value that may be accepted as payment of debt. It is a medium of exchange between individual consumers, businesses, banks and other lending institutions, and the government.
Money Laundering: The unlawful act of accepting large amounts of cash that is used for criminal activities. Banks and other financial institutions are required by law to report cash deposits of $10,000 or more.
Money Market Accounts: Accounts offered by banks, credit unions, and savings and loan associations that give competitive rates on minimum deposits.
Money Market Fund: A mutual fund that is invested in short term instruments such as treasury bills, high yielding securities, commercial paper, and negotiable certificates of deposit, usually with maturity dates of 60 days or less.
Mutual Fund: A mutual fund is a registered and professionally managed trust company that pools money from investors for the primary purpose of investing in securities, stocks, bonds, and other money market portfolios.
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