CORPORATE & INSTITUTIONAL GLOSSARY

Manifest

Margin

Marine Cargo Insurance Policy

Market Price Per Share

Market-To-Market

Marking (Or Marks)

Master Lease

Mate's Receipt

Maturity Date

Maturity Date (Expiration Date)

Medallion Guarantee

Midquarter Convention

A process in which an option's position is evaluated daily using current market prices in order to establish an incremental (day-to-day) profit or loss.