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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)
Mortgage
Mortgage banker
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Mortgage holders clause
Mortgage insurance
Mortgage insurance premium (MIP)
Mortgage modification
Mortgage note
Mortgagee
Mortgagor
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Manufacturer's Suggested Retail Price (MSRP)

The price a manufacturer recommends for selling a vehicle. Also know as the "sticker" or "list" price.

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