define explain m

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M

Maturity – the date on which an investment or debt must be paid in full.

Minimum repayment – the minimum amount that must be paid on a loan.

Monthly service fee/Monthly account fee – A monthly charge for maintaining an account; varies between accounts.

Mortgage – The charge or assignment of property to secure the payment of a debt and where the property is redeemable upon payment.

Mortgage Stamp Duty – State Government tax determined by the value of the mortgage.

Mortgagee – The lender of funds to buy property secured by a mortgage.

Mortgagor – The borrower of the funds.