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GLOSSARY

GLOSSARY TERMS by Alpha
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Majority
Manufacturer's Suggested Retail Price (MSRP)
Margin
Margin Money
Market Value
Marketable title
Maturity
Minor
MIP (Mortgage Insurance Premium)
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Maturity

A loan's maturity is the life of the loan; that is, how long you have to repay the loan. It usually applies to term loans and not lines of credit.

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