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Mortgage

A loan (interest bearing loan) that is extended for the purpose of purchasing or maintaining a real estate unit such...

Mandatory Convertible Securities

A class of hybrid securities that automatically (mandatorily) convert to common equity (common stock) of an issuer on a pre-specified...

Mandatory Convertible

A hybrid security that automatically (mandatorily) converts to common equity (common stock) of an issuer on a pre-specified date. Mandatory...

Margin

Highly liquid collateral that is required (to be posted) in order to cover adverse market price movements. This reflects the…

Mono-Underlying Autocall

An autocall that has a single (mono) underlying. It is a structured product that is linked to a single underlying...

Multitranche Instrument

A debt instrument which gives the issuer the right to deliver more instruments (i.e., bonds)- considered a new tranche by...

Market Linked Note

A structured note that is designed to provide the potential for capital appreciation at maturity based on a participation rate,...

Mortgage Write-Off

The reduction in the principal of a mortgage loan by the lender (mortgagee). The write-off makes the amount a borrower...

MBS

It stands for mortgage-backed security; a security (specifically, a type of asset-backed security, ABS) which is secured by a mortgage...

Mortgage Backed Security

A security (specifically, a type of asset-backed security, ABS) which is secured by a mortgage or pool of mortgages. The...