Financial Glossary - M
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Marginal Tax Rate - The rate that you pay on the last (highest) dollar of personal or household (if married) earnings. As a result of the May 2003 tax law, there are currently six federal marginal tax rates: 10%, 15%, 25%, 28%, 33%, and 35%.
Market Risk - The risk that the price of investments will be affected by the volatility of financial markets in general.
Maturity - The date on which the principal amount of a bond or CD must be paid.
Money Market Mutual Fund - A type of mutual fund that invests in short-term, liquid cash assets.
Mortgage - A loan used to purchase a home with the real estate used as collateral to secure the loan. The interest portion of mortgage payments is generally tax-deductible.
Mutual fund - An investment company that pools deposits from many shareholders and invests in the stock, bonds, or cash assets of many companies in order to achieve the specific objectives of the fund.
Updated:E.J.B.