Office of Financial Empowerment
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Money Dictionary

A - B  C - D  E - F  G - H  I - J  K - L  M - N  O - P  Q - R  S - T  U - V  W - X  Y - Z

Market Value   The price that an item will sell for in a competitive and open market.
     
Mature   When the end of an agreement is reached or expires.
     
Maturity Date   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.
     
Mortgage   A loan that uses your home as collateral. It is also the amount of money you borrowed, with interest, to purchase your house.
     
Mutual Funds   Mutual funds are a collection of stocks from different companies that are combined to make a single investment.
     
Net Pay   The value of a person's or company's assets minus liabilities.
     
Non-deposit investment products   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.
     
Nonprofit/Not-for-Profit Corporation   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.

OFE's Reference List for Money Dictionary