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P
ERSONAL
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Management Fee
Mandatory Distribution Age
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Market Cap
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Micro-Cap Stock
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Modified Endowment Contract (MEC)
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Morgan Stanley Capital International Europe, Australasia, Far East Index
Mortality Charge
Mortgage
Mortgage Insurance
Mortgage-Backed Securities
Moving Average
Municipal Bond
Mutual Fund
Mortgage Insurance
Basically used for life insurance. Many family heads purchase insurance specifically to pay off any mortgage balance outstanding at their death. The insurance generally is made payable to a family beneficiary instead of to the mortgage holder.
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