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moneygirl Glossary ~ MN

Submitted by on January 14, 2011 – 7:27 pmNo Comment

The MN’s of Money

Macroeconomics: Analysis of a country’s economy as a whole.

Majority shareholder: A shareholder who controls more than half of the shares of a corporation.

Maple Leaf: A gold, silver or platinum coin minted in Canada that usually trades at a higher rate than its bullion value.

Margin: Margin is the difference between the market value of a stock and a loan a broker makes.

Market: Typically refers to the equity / stock market.

Market price: The most recent price of a security traded on an exchange.

Market share: The percentage of total industry sales controlled by a company.

Mature economy: A nation with a stable population and slowing economy.

Maturity: For a bond, the date on which the principal is required to be repaid.

Merchant bank: A British term for a bank that provides financial services (such as providing advice on mergers and acquisitions) – but does not lend money.

Merger: A combination of two companies.

Microeconomics: Analysis of individual economic units such as companies, industries or households.

Monetary Policy: Actions taken by a country’s Finance Department to influence money supply and interest rates.

Money market: A market for the borrowing and lending of money typically for three years or less.

Money order: Like a cheque – an instrument backed by a firm or bank, which can easily be converted to cash.

Monopoly: Complete control of sales and distribution in a market by one company.

Mortgage: A loan secured by the collateral of real estate / property which obliges the borrower to make regular payments.

Mortgage insurance: An insurance policy which pays off the balance of a mortgage if the insured person dies.

Mortgage rate: The interest rate on a mortgage loan.

Most Favoured Nation: A privilege between countries whereby a MFN country pays the lowest duty to another country.

Multinational corporation: A firm operating in more than one country.

Municipal bond: A bond offered by a local government to pay for special projects such as highways or sewers.

Mutual fund: Mutual funds are pools of money managed by and investment company. They offer investors a variety of goals for their investments.

NASDAQ: National Association of Securities Dealers Automatic Quotation System

NYSE: The New York Stock Exchange

National Debt: Debt owed by a federal government in the form of treasury bills, notes or bonds.

Negative Cash Flow: When spending in a business is greater than earnings.

Negative Working Capital: When current liabilities exceed current assets.

Net: The gain or loss at the time a security is sold.

Net assets: The difference between total assets and total liabilities.

Net income: A company’s total earnings after other costs / expenses / depreciation etc. are taken into account.

Nikkei: Common term for the Nihon Keizai newspaper – Japan’s leading financial newspaper.

No-load fund: A mutual fund that does not impose a sales commission.

Non-compete: Typically put in employment contracts, a clause prohibiting an employee from working with a competing firm for certain period of time after he / she leaves the firm.

North American Free Trade Agreement (NAFTA): A regional trade pact between Canada, the United States and Mexico.

Not-for-profit: An organization established for charitable, educational or humanitarian purposes – and is exempt from some taxes.

Non-sufficient-funds cheque: A bank cheque which does not have sufficient funds to back it.

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