Related Words

Advanced Maternal Age: Women over age 34 (age 35 at delivery) at increased risk for nondisjunction trisomy in fetus.

Multiclass Mortgage Securities: Short- and long-term mortgage securities, with or without pass-through privileges.

Mr. (Or Mrs.) Average: Facetious name for a bowler who doesn't show up, since his or her average is often used to compute team scoring. See also blind.

Mutagen: A substance that causes mutations (genetic damage).

Mutagenicity: The capacity of a chemical or physical agent to cause permanent genetic alterations.

Mutual Mortgage Insurance: Insurance premiums and other specified FHA revenues are paid into one of four FHA funds. Losses due to foreclosure are met from these funds.

Mutual Agency: The right of all partners in a partnership to act as agents for the normal business operations of the partnership, with the authority to bind it to a business agreements.

Moving Average: A moving average of securities prices is an average that is recomputed regularly by adding the most recent price and dropping the oldest one. For example, if you looked at a 365-day moving a . . . View Full Definition

Mortgage-Backed Security: Mortgage-backed securities are created when the sponsor buys up mortgages from lenders, pools them, and packages them for sale to the public, a process known as securitization. The securitie . . . View Full Definition

Mortgage-Backed Securities Clearing Corporation (MBSCC): A wholly owned subsidiary of the Midwest Stock Exchange that operates a clearing service for the comparison, netting, and margining of agency-guaranteed MBS transacted for forward delivery.