Tax Terms Glossary | Gain Power With Knowledge

Margin Account: An account with a securities broker where they extend credit using securities as collateral.
Margin Loan: A loan from a stock broker to an investor using securities as collateral.
Marginal Tax Rate: The percentage of tax paid on the next dollar earned.
Market: A place where goods, services, or assets are exchanged.
Mark to Market: The process of adjusting the value of an asset to its value in the market.
Market Maker: A person or company that commits to constantly post bid and offer prices for financial instruments to facilitate a liquid market.
Married Put: A married put is where a person purchases the underlying security and a put option on the same date with the intention of selling the underlying security through the put if the price goes down.
Material: In law, something is material if it is directly relevant to a matter.
Maturity Amount: The amount that will be received when a debt is redeemed.
Merger: The amalgamation of two or more business ventures.
Mixed Straddle: A mixed straddle under IRC section 1256 means a straddle where at least one of the positions in the straddle is a 1256 contract and each position is clearly identified before the close of the day that the first 1256 contract is acquired
Money: A commonly used asset circulated in exchange for goods or services.
Mortgage: A lien on real property to collateralize a debt.
Mortgage Interest Expense: Interest paid on a mortgage. All, or a portion, of the amount of interest paid for a mortgage may be deductible.