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Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "M"

Displaying next 420 results of 474
Municipal Notes
Definition: Short-term notes issued by municipalities in anticipation of tax receipts, proceeds from a bond issue.
Municipal Revenue Bond
Definition: A bond issued to finance a public project that is funded by the revenues of the project.
MUR
Definition: The ISO 4217 currency code for the Mauritius Rupee.
Mutilated Security
Definition: A certificate on which the name of the issue, the issuer, or some other identifying detail cannot be read.
Mutual
Definition: A savings institution organized in a nonstock business form. Neither mutual savings banks nor mutual savings institutions have stockholders. All depositors in a mutual institution have a share in the ownership of the institution, according to the amounts of their deposits.
Mutual Association
Definition: A savings and loan association organized as a cooperative, with members purchasing shares, voting on association affairs, and receiving income in the form of dividends.
Mutual Company
Definition: A corporation that is owned by a group of members and that distributes income in proportion to the amount of business that members do with the company.
Mutual Exclusion Doctrine
Definition: The doctrine that ruled that municipal bond interest is federal tax-free. In return for this federal tax exemption, states and localities cannot tax interest generated by federal government securities.
Mutual Fund
Definition: Mutual funds are pools of money that are managed by an investment company. They offer investors a variety of goals, depending on the fund and its investment charter. Some funds, for example, seek to generate income on a regular basis. Others seek to preserve an investor's money. Still others seek to invest in companies that are growing at a rapid pace. Funds can impose a sales charge, or load, on investors when they buy or sell shares. Many funds these days are no load and impose no sales charge. Mutual funds are investment companies regulated by the Investment Company Act of 1940. Related: open-end fund, closed-end fund.
Mutual Fund Cash-to-assets Ratio
Definition: The portion of the assets of a mutual fund which exists in cash instruments.
Mutual Fund Custodian
Definition: A commercial bank or trust company that holds securities owned by a mutual fund and sometimes acts as transfer agent for the mutual fund.
Mutual Fund Theorem
Definition: A result associated with the CAPM, asserting that investors will choose to invest their entire risky portfolio in a market-index or mutual fund.
Mutual Offset
Definition: A system, such as the arrangement between the Chicago Mercantile Exchange (CME) and Singapore International Monetary Exchange (SIMEX), which allows trading positions established on one exchange to be offset or transferred on another exchange.
Mutual Savings Bank
Definition: A state-chartered savings bank which is owned by its depositors and managed by a fiduciary board of trustees.
Mutually Exclusive Investment Decisions
Definition: Investment decisions in which the acceptance of a project precludes the acceptance of one or more alternative projects.
MV
Definition: The two-character ISO 3166 country code for MALDIVES.
MVR
Definition: The ISO 4217 currency code for the Maldive Islands Rufiyaa.
MW
Definition: The two-character ISO 3166 country code for MALAWI.
MWK
Definition: The ISO 4217 currency code for the Malawian Kwacha.
MX
Definition: The two-character ISO 3166 country code for MEXICO.
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