PERSONAL FINANCE GLOSSARY

Management Fee

Mandatory Distribution Age

Margin

Market Cap

Market Order

Market Risk

Market Timing

Maturity

Maximum Issue Age

Medical Examination

Medicare

Medigap

Message

Micro-Cap Stock

Mid-Cap Stock

Minimum Draw

Minimum Guaranteed Interest Rate

Misrepresentation

Modified Endowment Contract (MEC)

Momentum

Money Market

Money Market Funds

Money Supply

Morgan Stanley Capital International Europe, Australasia, Far East Index

Mortality Charge

Mortgage

Mortgage Insurance

Mortgage-Backed Securities

Moving Average

Municipal Bond

Mutual Fund

The fee paid to compensate the investment advisor for professional investment advice. It is calculated as a percentage of the average daily net assets of the separate account.