13 terms starting with M
Maintenance is the inspection, servicing and repair work that keeps an asset in safe working order, and in finance and hire agreements a contractual obligation with set tasks.
Read definitionA manufacturer buy-back is a commitment by a manufacturer to repurchase a vehicle or equipment at a pre-agreed price, or on set conditions, usually when a lease ends.
Read definitionMargin is the share of each revenue dollar left after costs, what a lender adds to its base rate, or your own equity in a geared share portfolio.
Read definitionA margin call is a demand from a lender for extra cash or security when the value of the assets backing a loan falls too far.
Read definitionA master lease is an umbrella agreement: in property, a head lease taken to sublet; in equipment finance, one contract covering separate asset schedules.
Read definitionA material adverse change is a significant deterioration in your financial position that, under a MAC clause, lets a lender decline to fund a facility or demand repayment.
Read definitionA medium amount credit contract (MACC) is a non-bank consumer credit contract for more than $2,000 and up to $5,000, running from 16 days to two years.
Read definitionMezzanine finance is a hybrid layer of capital that sits between senior debt and equity, ranking behind the senior lender and often carrying equity-style upside for the financier.
Read definitionA middle-ticket lease is equipment finance for medium-value assets like trucks or medical machines, manually underwritten rather than automated, with a negotiated term and residual.
Read definitionMoney laundering is the process of disguising the origin, movement or ownership of money made from crime so that it appears legitimate and can be used openly.
Read definitionA moratorium is a temporary pause on repayments or on creditor enforcement, agreed with a lender or imposed by law, that gives a borrower or an insolvent company breathing space.
Read definitionA mortgage is the legal charge a lender registers over property to secure a loan, giving it the right to sell the property if you default.
Read definitionMulti-financing is the use of two or more finance facilities or lenders to fund business assets, matching each part of a purchase to a suitable finance option.
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