Narrow market A market where only a few investors are trading particular shares.
Naked Option An option written without any corresponding security as protection in the seller´s account.
Marketability How easily a security can be bought or sold on a specific market.
Mezzanine Bracket The underwriters who play a moderately important role in a securities offering by subscribing to a different part of the issue than the majority of thewriters.
Municipal Bond Security A debt obligation whose funds support public projects or governmental needs.
Mortgage Pool A gathering of different mortgages managed in a mortgage-backed-security acting as a collateral. Mortgages tend to have similarities such as same interest rate or maturity date within the same pool.
Mixed Account A margin account containing both long and short positions in terms of securities.
Moving Average An indicator that defines the average price of a security over a specific period of time. It is constantly moving as each time the average is taken, the oldest price drops out to be replaced by the new one.
Mortgage Bond A secured corporate bond involving a debtor who must prove his repayment capacity and a creditor who is owed money. The bond becomes secure thanks to the morgage established on a specified asset.
Merger An agreement generated by two companies to unite them into one.