M
Managed investments or funds: a unit trust that allows investors to pool their money with that of other investors so that the fund can buy a wide range of investments. These investments are managed by a professional Fund Manager, who makes the investment decisions.
Management Expense Ratio (MER): a ratio expressing the management, trustee and certain other expenses of a managed fund as a proportion of the net asset value of the fund.
Margin loan: a line of credit established for the purpose of investing in shares or unit trusts, often used to maximise your returns.
Maximum Deductible Contribution (MDC): the maximum amount of super contributions per annum for which a tax deduction is allowed. The limit is dependent on your age.
Money Market: a market where short-term securities, such as promissory notes and bills of exchange, are traded. Securities in the money market all have terms of 1 year or less.