Alphabetical - M

Maintenance Margin	When the balance in a traders margin account falls below the maintenance margin level the trader receives a margin call requiring the account to be topped up to the intial margin level.
Making a Market	Buying or selling a financial instrument no matter what the market conditions are.
Managing Agent	Run and administer Lloyds syndicates on behalf of the names
Mandatory Liquid Asset	The charge for a sterling loan in the UK to cover non-interest bearing deposits at the Bank of England
Margin	The deposit required by clearing houses
Margin Call	A request for extra margin when the balance in the margin account falls below the maintenance margin level.
Mark to Market	The practice of revaluing an instrument to reflect the current values of the relevant market variables.
Market Maker	The dealers in stocks and shares as principals - that is taking the risk in their own name
Market Model	A model most commonly used by traders.
Market Neutral Portfolio	??
Market Segmentation Theory	A theory that short interest rates are determined independently of long interest rates by the market.
Matador Bond	Peseta bonds issued in Spain by non residents
Maturity	This is when the lender expects to be paid
Maturity Date	The end of the life of the contract.
Mean Reversion	The tendency of a market variable (such as an interest rate) to revert back to some long-run average level.
Medium-Term Notes	A flexible facility to issue notes of varying maturity, varying currency and either fixed or floating - all within one set of legal documentation
Merchant Banks	UK Term for an Investment Bank
Minimum Lending Rate	The rate at which the Bank of England will lend to discount houses. Only published as an "official" rate in emergencies, for example when the UK joined the ERM and September 1992 when there was an ERM crisis.
Modified Duration	A modification to the standard duration measure so that it more accurately describes the relationship between proportional changes in a bond price and absolute changes in its yield. The modification takes account for the compounding frequency with which the yield is quoted.
Money Broker	Intermediary putting borrowers in touch with lenders for a small commission
Money Market	The market for money instruments with a maturity of less than one year.
Money-at-Call	Money lent overnight It can be recalled in the morning.
Monte Carlo Simulation	??
Mortgage Backed Securities	Debt security backed by a pool of mortgages.
Multiple Option Facility	A revolving facility from a syndicate of banks permitting the raising of finance with various options - bank loan, bankers acceptance or commercial paper.
Municipal Bonds	Municipal bonds are issued by state, county, or city governments.
Mutual	A bank or insurance company not a public company but owned by its members
Mutual Funds	General name for pooled funds, such as investment trusts and unit trusts

Maintenance Margin When the balance in a traders margin account falls below the maintenance margin level the trader receives a margin call requiring the account to be topped up to the intial margin level.
Making a Market Buying or selling a financial instrument no matter what the market conditions are.
Managing Agent Run and administer Lloyds syndicates on behalf of the names
Mandatory Liquid Asset The charge for a sterling loan in the UK to cover non-interest bearing deposits at the Bank of England
Margin The deposit required by clearing houses
Margin Call A request for extra margin when the balance in the margin account falls below the maintenance margin level.
Mark to Market The practice of revaluing an instrument to reflect the current values of the relevant market variables.
Market Maker The dealers in stocks and shares as principals - that is taking the risk in their own name
Market Model A model most commonly used by traders.
Market Neutral Portfolio ??
Market Segmentation Theory A theory that short interest rates are determined independently of long interest rates by the market.
Matador Bond Peseta bonds issued in Spain by non residents
Maturity This is when the lender expects to be paid
Maturity Date The end of the life of the contract.
Mean Reversion The tendency of a market variable (such as an interest rate) to revert back to some long-run average level.
Medium-Term Notes A flexible facility to issue notes of varying maturity, varying currency and either fixed or floating - all within one set of legal documentation
Merchant Banks UK Term for an Investment Bank
Minimum Lending Rate The rate at which the Bank of England will lend to discount houses. Only published as an "official" rate in emergencies, for example when the UK joined the ERM and September 1992 when there was an ERM crisis.
Modified Duration A modification to the standard duration measure so that it more accurately describes the relationship between proportional changes in a bond price and absolute changes in its yield. The modification takes account for the compounding frequency with which the yield is quoted.
Money Broker Intermediary putting borrowers in touch with lenders for a small commission
Money Market The market for money instruments with a maturity of less than one year.
Money-at-Call Money lent overnight It can be recalled in the morning.
Monte Carlo Simulation ??
Mortgage Backed Securities Debt security backed by a pool of mortgages.
Multiple Option Facility A revolving facility from a syndicate of banks permitting the raising of finance with various options - bank loan, bankers acceptance or commercial paper.
Municipal Bonds Municipal bonds are issued by state, county, or city governments.
Mutual A bank or insurance company not a public company but owned by its members
Mutual Funds General name for pooled funds, such as investment trusts and unit trusts