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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

Management Fee 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.

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