Management Fee
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Also called the investment advisory fee, this represents the company's cost for managing the money in the fund.
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Source:
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403bCompare.com
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Market Capitalization
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The outstanding equity market capitalization of a given company computed by multiplying the company's current market price by current common shares outstanding.
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Source:
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California Public Employees' Retirement System
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Market Index
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A measurement of the performance of a specific "basket" of stocks considered to represent a particular market or sector of the U.S. stock market or the economy. For example, the Dow Jones Industrial Average (DJIA) is an index of 30 "blue chip" U.S. stocks of industrial companies (excluding transportation and utility companies).
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Source:
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United States Securities and Exchange Commission
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Market-value Adjusted Annuity
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In a contract of this type, your surrender value during an interest rate guarantee period is altered by both a surrender charge and a market value adjustment. The market value adjustment reflects changes in the interest rate level from the start of the period through the time you surrender the contract.
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Source:
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Ohio Department of Insurance
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Medical Bailout (Waiver of Premium)
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A rider added to policy that will waive the premium payments required by an insured during the total disability of the insured.
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Source:
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California Department of Insurance
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Mid Cap
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Stocks of mid-sized companies whose market value falls between a designated minimum and maximum, such as $1 billion to $5 billion.
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Source:
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National Association of Securities Dealers, Inc.
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Minimum Guaranteed Interest
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Equity-Indexed Annuities offer a minimum guaranteed interest rate combined with an interest rate linked market index.
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Source:
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National Association of Securities Dealers, Inc.
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Minimum Required Distribution (MRD)
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A minimum required distribution is the smallest amount you can take each year from your 401(k), 403(b), traditional IRA, or other retirement savings plan once you've reached the mandatory age for making withdrawals, usually 70 1/2. If you take less than the required minimum, you owe a 50% penalty on the amount you should have taken. You calculate your MRD by dividing your account balance at the end of your plan's fiscal year - usually but not always December 31 - using a divisor determined by your age.
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Source:
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National Association of Securities Dealers, Inc.
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Money Market
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Market for short-term debt securities, such as banker's acceptances, commercial paper, repos, negotiable certificates of deposit, and Treasury Bills with a maturity of one year or less and often 30 days or less. Money market securities are generally very safe investments which return a relatively low interest rate that is most appropriate for temporary cash storage or short-term time horizons. Bid and ask spreads are relatively small due to the large size and high liquidity of the market.
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Source:
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403bCompare.com
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Mortality and Expense
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This charge is equal to a certain percentage of your account value, typically in the range of 1.25% per year. This charge compensates the insurance company for insurance risks it assumes under the annuity contract.
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Source:
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United States Securities and Exchange Commission
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Mutual Fund
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A mutual fund is a company that pools money from many investors and invests the money in stocks, bonds, short-term money-market instruments, other securities or assets, or some combination of these investments. The combined holdings the mutual fund owns are known as its portfolio. Each share represents an investor's proportionate ownership of the fund's holdings and the income those holdings generate.
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Source:
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United States Securities and Exchange Commission
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