Mortgage Definition & Meaning | Financial Term | CSIMarket
CSI Market
Sign In | Register

Glossary

Mortgage

Financial Term

Mortgage refers to a loan taken out to purchase real estate property. In this loan agreement, the borrower pledges the property as collateral for the loan and agrees to repay the borrowed amount plus interest over a set period.

Mortgages are used extensively in the financial industry as a means of financing real estate purchases. A mortgage typically involves a contract between the borrower and the lender that specifies the terms of the loan - such as the amount borrowed, interest rate, repayment period, and frequency of payments.

Mortgages can be obtained from a variety of lenders, including banks, credit unions, and mortgage brokers. Depending on the type of mortgage, borrowers may be required to provide a down payment, undergo a credit check, and meet other eligibility requirements.

In the financial industry, mortgages are often packaged and sold as mortgage-backed securities, which are pools of individual mortgage loans that are sold to investors. These securities provide a way for investors to invest in real estate without owning actual property, and they are often considered to be a relatively safe investment.

Overall, mortgages play a critical role in the financial industry by providing a way for individuals and businesses to finance real estate purchases, while also providing a valuable asset to investors.




More Glossary Terms Beginning with M
  • M1 Money Supply
    M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) travelers checks of nonbank issuers; (3) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; an
    Economy Term Letter: M
  • M2 Money Supply
    M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in amounts of less than $100,000), less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in retail money market mutual funds, less IRA and Keogh balances at money market mutual funds.
    Economy Term Letter: M
  • m3
    Cubic metre. A measure of volume equal to approximately 1,130 square feet (3/8-inch basis).
    Manufacturing Term Letter: M
  • MACD
    MACD is the difference between a fast Exponential Moving Average (EMA) and a slow Exponential Moving Average and the fast Moving Average is continually converging towards or diverging away from the slow Moving Average. Signal line is a the Exponential Moving Average of the MACD, plotted to identify changes in trends and market sentiment. The MACD study can be used to identify buy and sell signals.
    Technical Indicator Letter: M
  • MACT
    Maximum Achievable Control Tech- nology. Regulations being introduced in the US to limit the discharge of hazard- ous air pollutants.
    Manufacturing Term Letter: M
  • Mammography
    An X-ray of the breast with the breast in a device that compresses and flattens it.
    Health Care Term Letter: M
  • Managed Credit Card Receivables
    Refers to credit card receivables on the Firms Consolidated Balance Sheets plus credit card receivables that have been securitized and removed from the Firms Consolidated Balance Sheets.
    Financial Term Letter: M
  • Managed Receivables
    Total receivable amounts on which the company continues to perform billing and collection activities, including receivables that have been sold with and without credit recourse and are no longer reported on their Statement of Financial Position.
    Financial Term Letter: M
  • Manufacturers Manufacturing
    Establishments in the manufacturing sector are often described as plants, factories, or mills, and characteristically use power-driven machines and material-handling equipment. Manufacturing establishments may process materials, or may contract with other establishments to process their materials for them. Both types of establishments are included in manufacturing.
    Manufacturing Term Letter: M
  • Mark To Market
    The valuation at fair value, using prevailing market prices, at a specified point in time.
    Financial Term Letter: M
  • Mark To Market Exposure
    A measure, at a point in time, of the value of a derivative or foreign exchange contract in the open market. When the mark-to-market value is positive, it indicates the counterparty owes the Firm and, therefore, creates a repayment risk for the Firm. When the mark-to-market value is negative, the Firm owes the counterparty; in this situation, the Firm does not have repayment risk.
    Financial Term Letter: M
  • Marker
    Indicator of the presence of a specific kind of tumor, identifiable by means of specific laboratory tests.
    Health Care Term Letter: M