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Municipal revenue bond
A bond issued to finance a public project that is fundedby the revenues of the project.
MUR
The ISO 4217 currency code for the Mauritius Rupee.
Mutilated security
A certificate on which the name of the issue, the issuer, or some otheridentifying detail cannot be read.
Mutual association
A savings and loan association organized as a cooperative, with memberspurchasing shares, voting on associationaffairs, and receiving income in the form of dividends.
Mutual company
A corporation that is owned by a group ofmembers and that distributes income inproportion to the amount of business that members do with the company.
Mutual exclusion doctrine
The doctrine that ruled that municipal bond interest is federal tax-free. In return forthis federal tax exemption, statesand localities cannot tax interest generatedby federal government securities.
Mutual fund
Mutual funds are pools of money that are managed by an investment_company. They offer investors avariety of goals, depending on the fund and its investment charter. Some funds, for example, seek to generate income on a regular basis. Others seek to preserve an investor's money. Still others seek to invest in companiesthat are growing at a rapid pace. Funds can impose a sales_charge or load, on investorswhen they buy or sell shares.Many funds these days are no load and impose no sales charge. Mutual fundsare investment companies regulated by the Investment Company Act of 1940. Related: open-end fund, closed-end fund.
Mutual fund cash-to-assets ratio
The portion of the assets of a mutual fund which exists in cash instruments.
Mutual fund custodian
A commercial bank or trust company that holds securities owned by a mutual fund and sometimes acts as transferagent for the mutual fund.
Mutual fund theorem
A result associated with the CAPM, asserting that investors will choose toinvest their entire risky portfolio in a market_index or mutual fund.
Mutual offset
A system, such as the arrangement between the Chicago Mercantile Exchange (CME) and Singapore International Monetary Exchange (SIMEX), which allows trading positions established on one exchange to be offset or transferred on another exchange.
Mutual savings bank
A state-chartered savings bank which is owned by its depositors and managed by a fiduciary board of trustees.
Mutually exclusive investment decisions
Investment decisions in whichthe acceptance of a project precludes the acceptance of one or more alternativeprojects.
MV
The ISO 3166 country code for MALDIVES.
MVR
The ISO 4217 currency code for the Maldive Islands Rufiyaa.
MW
The ISO 3166 country code for MALAWI.
MWK
The ISO 4217 currency code for the Malawian Kwacha.
MX
The ISO 3166 country code for MEXICO.
MXN
The ISO 4217 currency code for the Mexican Peso.
MY
The ISO 3166 country code for MALAYSIA.
MYR
The ISO 4217 currency code for the Malaysian Ringgit.
MZ
The ISO 3166 country code for MOZAMBIQUE.
MZM
The ISO 4217 currency code for the Mozambique Metical.
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