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WEALTH MANAGEMENT GLOSSARY

Alphabetical Listing

Marital Deduction

Market Value

Money Market

Money Market Fund

Mortgage Pass-Through Securities

Mortgage-Backed Securities

Mutual Fund

Marital Deduction

A deduction, which allows unlimited transfer of assets from one spouse to another without being subject to any estate or gift taxes. (Note: special conditions apply if either spouse is not a U.S. citizen.)

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