| Market Value |
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The price that an item will sell for in a competitive and open market. |
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| Mature |
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When the end of an agreement is reached or expires. |
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| Maturity Date |
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For bonds, the date when the face value is to be repaid. For example, Sam bought a $200 bond with a maturity date of December 2, 2008. That means that on December 2, 2008 (maturity date), Sam can redeem the bond for $200. |
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| Mortgage |
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A loan that uses your home as collateral. It is also the amount of money you borrowed, with interest, to purchase your house. |
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| Mutual Funds |
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Mutual funds are a collection of stocks from different companies that are combined to make a single investment. |
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| Net Pay |
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The value of a person's or company's assets minus liabilities. |
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| Non-deposit investment products |
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A non-deposit investment product is a financial asset that is not FDIC-insured and may contain investment risk. NDIPs include mutual funds, annuities, securities, and self-directed individual retirement accounts (IRAs) that invest in securities. |
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| Nonprofit/Not-for-Profit Corporation |
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An organization with a charitable, educational, religious, literary, or scientific purpose. A nonprofit corporation doesn't pay federal or state income taxes on profits it makes from its activities. |
