Mutual offset

Mutual offset

Mutual offset

A system, such as the arrangement between the CME and SIMEX, which allows trading positions established on one exchange to be offset or transferred on another exchange.



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Mutual fund

Mutual fund

Mutual fund

Mutual funds are pools of money that are managed by an investment company. They offer investors a variety of goals, depending on the fund and its investment charter. Some funds, for example, seek to generate income on a regular basis. Others seek to preserve an investor’s money. Still others seek to invest in companies that are growing at a rapid pace. Funds can impose a sales charge, or load, on investors when they buy or sell shares. Many funds these days are no load and impose no sales charge. Mutual funds are investment companies regulated by the Investment Company Act of 1940.



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Municipal notes

Municipal notes

Municipal notes

Short-term notes issued by municipalities in anticipation of tax receipts, proceeds from a bond issue, or other revenues.



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Municipal bond

Municipal bond

Municipal bond

State or local governments offer muni bonds or municipals, as they are called, to pay for special projects such as highways or sewers. The interest that investors receive is exempt from some income taxes.



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Multiples

Multiples

Multiples

Another name for price to earnings ratios.



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Multiple-issuer pools

Multiple-issuer pools

Multiple-issuer pools

Under the GNMA-II program, pools formed through the aggregation of individual issuers’ loan packages.



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