Money Broker: A type of agent who arranges short term loans between banks (which are seeking to lend money) and borrowers such as institutions. The money broker is not involved in the process of lending/borrowing but merely acts as an intermediary earning a commission.

 

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Money Broker: A type of agent who arranges short term loans between banks (which are seeking to lend money) and borrowers such as institutions. The money broker is not involved in the process of lending/b . . . View Full Definition

Money Order: A money order entitles the person named as payee on the order to receive the specific amount of cash shown on the order. You can use money orders in place of checks if you don’t have a check . . . View Full Definition

Money Market Notes: Publicly traded issues that may be collateralized by mortgages and mortgage backed securities (MBS).

Money Market Fund: Money market mutual funds invest in stable, short-term debt securities, such as commercial paper, Treasury bills, and certificates of deposit (CDs), and other short-term instruments. The fun . . . View Full Definition

Money Market Demand Account (MMDA): An account that pays interest based on short-term interest rates.

Money Market Hedge: The use of borrowing and lending transactions in foreign currencies to lock in the home currency value of a foreign currency transaction.

Money Purchase Plan: A money purchase plan is a defined contribution retirement plan that requires the employer to contribute a fixed percentage of each employee's salary every year the plan is in effect. The co . . . View Full Definition

Mortgage Broker: A person or company engaged in the arrangement of mortgages for buyers. The broker is usually paid a commission by the lender.

Money Wire (Transfer): The process of moving money from one bank to another, sometimes between countries.

Money Supply: The money supply is the total amount of liquid or near-liquid assets in the economy. The Federal Reserve, or the Fed, manages the money supply, trying to prevent either recession or serious . . . View Full Definition