- management report
- A report describing company performance, prepared monthly for the officers of a corporation.
- maturity
- The date when a borrower is obliged to pay back a loan.
- mechanic’s lien
- A lien on real property made by a contractor or builder for payment overdue. A builder can request a mechanic’s lien if he or she has not been paid according to the contract to build or improve the property.
- member
- An owner of a limited liability company.
- mortgage
- A deed giving ownership of a property to a borrower on the condition that the borrower makes all interest and principal payments to a lender. The lender owns the mortgage until the borrower pays in full, after which the borrower becomes sole owner of the property.
- mortgagee
- Name for the lender who supplies mortgages and collects mortgage payments.
- mortgagor
- On a mortgage, the borrower who must pay the interest and principal.
- municipal bond
- A bond issued on behalf of a municipality, such as a city, state, or government agency, to cover its debts.
- mutual fund
- An investment company that trades in bonds, stocks, Treasury Bills, securities, real estate, and other items, on behalf of its stockholders. Shares in a mutual fund are offered on a continual basis, and investors can always buy in.