Investment College Glossary
Glossary of terms used on this site
There are 254 entries in this glossary.M
| Term | Definition |
|---|---|
| Maintenance level |
A requirement amount that ensures investor’s equity in any securities position won’t drop to or below the margin level. |
| Margin |
The amount of money a client borrows from the broker to buy securities. |
| Margin account |
A brokerage account which allows investor to increase the amount of investment by borrowing from the broker. |
| Margin call |
A request by an investor’s broker for additional capital for a security bought on margin when the investor’s equity value declines to the level below the required maintenance margin. |
| Market capitalization |
The total equity value of a listed company, calculated by multiplying the number of outstanding shares of common stocks by the current market price per share. |
| Market maker |
A dealer who has an obligation to give the bid and asked price of a specific security, and is ready for trading at any moment. |
| Match trading |
Security transactions made without auction or negotiation process. Buy and sell the same security at the same price, usually processed by computer. |
| Maturity date |
The date on which the principal amount of a bond or other debt instrument becomes due and payable. |
| Merger |
Combination of two or more companies. Their equities or cash are combined to become one greater company and continues to operate. |
| Monetary aggregates |
The components of a currency. |
| Monetary base |
The monetary base that comprises all issued notes in circulation as well as financial institutions’ reserves held by the central bank. |
| Monetary policy |
The policy to control money supply in order to supervise the pace of economic growth. |
| Money market fund |
A mutual fund that only invests in short-term securities. |
| Mortage-backed securities |
Securities backed by a number of mortgage loans so as to ensure the obligation will be complied. The investors profit from the interest on principal from the mortgage loan repayment. |
| Municipal bonds |
Bonds issued by a state, city or local government. |
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