Investor Education

Investor Glossary

Terms beginning with 'M'

Borrowing to finance the purchase of securities.

Margin Call
A demand by the broker for the investor for more cash or collateral to support the margin debt.

Margin Rate
The cost to obtain a margin loan.

Market Approach
Valuing properties (usually real estate) relative to what similar properties are selling for.

Market Order
An order to buy or sell at the market price.

Market Price
The current price at which willing buyers and willing sellers will transact.

The length of time until a security must be redeemed by its issuer.

Maturity Date
The due date which an instrument’s principal must be repaid.

A person who has been admitted to membership of a Pension Plan and is entitled to benefits under the plan. This will include active members, pensioners and deferred pensioners.

See also: Active Member, Pensioner, Deferred Vested Pensioner,

Member Nominated Trustee
A Trustee who has been nominated and elected by active members of a Fund or Scheme. Each Fund or Scheme must have at least one Member Nominated Trustee.

See also: Trustee

The act of combining two firms into a single company.

Money Market
The market for short term, high quality instruments such as certificates of deposit, commercial paper, and Treasury Bills.

Money Market Account
A type of account generally offered by investment houses that pay a higher interest rate than commercial bank savings accounts. These accounts are not insured by the JDIC.

Money Market Mutual Fund
A mutual fund that invest in short-term highly liquid securities.

Money Purchase Scheme
Another name for a defined contribution plan.

Moving average (MA)
The simple moving average is an indicator that shows the average value of a security’s price over a period.

Mutual Fund
A pooled investment in which managers buy and sell assets with the income and gains and losses accruing to the owners. May be either load (with sale charge) or no load (no sales charge). In either case the fund stands ready to buy back its shares at their net asset value.