Financial terms beginning with M
6 terms in our plain-English finance glossary starting with the letter M.
- Material Fact
Information that affects your cover or price — you must answer honestly.
- Merchant
A business that accepts card payments — the seller side of a transaction.
- Minimum Payment
The least you must pay on a credit card each month — paying only this is expensive.
- Mis-selling
When a financial product is sold to you misleadingly or unsuitably — grounds to complain.
- Missed Payment
Failing to pay the minimum due on time, which can mark your credit file.
- Mortgage Term
The total length of time over which you repay your mortgage.
Is there anything wrong with this page? Let us know