An investment fund where your money and that of other investors is pooled and used to buy assets such as cash, shares, bonds and listed property trusts. The fund is managed by a fund manager.
Occurs when the value of an asset falls below the agreed loan to valuation ratio. The lender will ask the borrower to deposit enough money to bring the loan back to the agreed lending ratio.
A loan that is taken out to invest in shares or managed funds. The investment is used as security for the loan. Margin calls are possible if the value of the investment falls below a set amount.
marginal tax rate
The highest rate of tax a taxpayer will pay on their income. Find out your marginal tax rate.
A pooled investment scheme where the value of the investment depends on the movements of a particular
A group of companies that produce or buy and sell such similar goods that they are in competition with each other. Examples include the mining, retail and technology sectors.
Allows individual investors to pool their funds so that they can invest in a wide choice of investments, usually at wholesale prices. Typically used by financial planners for reporting convenience. Also known as an investment platform or wrap account.
The date on which a debt or investment and all outstanding interest payments must be paid in full.
A hybrid of debt and equity financing that is typically used to finance the expansion of existing companies or build development projects. It is usually debt capital that gives the lender the right to convert to an ownership or equity interest in the company if the loan is not paid back in time and in full. This type of investment tends to be high risk and suitable only for sophisticated investors.
The lowest amount that must be paid each month on a debt such as a loan or credit card.
A license, permit or lease providing rights to explore for and/or extract minerals under the surface of an area of land.
Internet access from mobile phone providers.
mobile phone plan
A description of the services a mobile phone company will give you, what they will charge you and how you will pay.
money transfer request
When one individual or entity asks another to send them money. See also advance fee fraud.
A form of security (usually over real estate) that is used to secure repayment of a debt (usually a home loan).
A person who matches borrowers to lenders and arranges mortgage contracts between the two parties.
Someone who lends money in a mortgage arrangement.
Fees paid by mortgagors for setting up, administering and ending a mortgage.
A scheme that invests in mortgage loans or in companies that lend money for mortgages.
Someone who borrows money in a mortgage arrangement.