Most Active

Most Active Exchange traded stock that has highest trading volume over a specific period, generally one trading day. … [Read more...]

Most Distant Futures Contract

Most Distant Futures Contract Related: nearby futures contract. The contract that settles at the latest point in time among a group of futures contracts. … [Read more...]

Moving Average

Moving Average Tool used in technical analysis and charting. Represents the average price of security or commodity over short periods (a few days) or long period (several years). Shows trends for given recent time periods. The last variable is deleted to make place for each new … [Read more...]

Multicurrency Clause

Multicurrency Clause Clause that allows a Euro loan borrower to opt, on a rollover date, for a currency switch. … [Read more...]

Multicurrency Loans

Multicurrency Loans Loans that allow the borrower to take the actual disbursement in a currency other than local one if desired. … [Read more...]

Multifactor CAPM

Multifactor CAPM Variant of Merton’s capital asset pricing model taking into account ‘factors’ or out of market risks. … [Read more...]

Multi-Factor Model

Multi-Factor Model Financial model using multiple factors to predict equilibrium asset prices or market phenomena. Either used to predict securities in a portfolio or the entire portfolio’s performance. … [Read more...]

Multinational Corporation

Multinational Corporation Business entity with operations in many countries worldwide. … [Read more...]

Multifamily Loans

Multifamily Loans Conventional mortgage loans on multi family apartments leased out to residents. … [Read more...]

Multiperiod Immunization

Multiperiod Immunization Investment strategy that results in a portfolio that can satisfy more than one expected future liability irrespective of changes in interest rates. … [Read more...]

Multiple Rates of Return

Multiple Rates of Return Arises when IRR method is used in relation to a project wherein positive cash flows are followed by negative cash flows. Denotes the occurrence of more than one rate of return for one project with differences in returns as and when cash flow sign changes. … [Read more...]

Multiple Regression

Multiple Regression Predicted relation between different explanatory variables and a single dependent variable. … [Read more...]

Multiples

Multiples Denotes ratio of price to earnings or P/E. … [Read more...]

Multiples Approach

Multiples Approach Theory of valuation stating that similar assets are traded at similar prices. Assumption is that a ratio relating value to some firm dependent variable is consistent across similar businesses. … [Read more...]

Multiple-Discriminant Analysis (MDA)

Multiple-Discriminant Analysis (MDA) Technique used in statistical analysis to use observed characteristics to distinguish between two groups. … [Read more...]

Multirule System

Multirule System Combination of mechanical rules in a technical trading strategy. Example, CRISMA Trading System of Pruitt and White (stands for cumulative volume, relative strength, moving average) … [Read more...]

Multi-Option Financing Facility

Multi-Option Financing Facility Assured credit line that is syndicated and also has options attached to it. … [Read more...]

Municipal Bond

Municipal Bond Muni bonds or municipals are offered by State and local governments. The funds thus collected are used for public service projects like highways. Tax exemptions are allowed on interest received on these investments. … [Read more...]

Municipal Inflation-Linked Securities

Municipal Inflation-Linked Securities Government issued securities that have variable coupon rates. The rate increases or decreases in line with CPI levels. … [Read more...]

Municipal Notes

Municipal Notes Notes of short term duration maturity issued by municipalities. These are paid back from the revenues received by the municipality such as, proceeds from bond issues, tax receipts. … [Read more...]