Category: M

A firm managing a mutual fund’s securities and instrument portfolio.

A fund manager’s hired assistant in managing investment portfolios. A sub-advisor works outside of the fund itself as a money manager. With the goal of reaching specific objectives, sub-advisors are authorized to manage either some or all of the fund’s assets.

An incorporated insurer that still provides the policyholders with dividends, but does not have incorporated capital belonging to the policyholders.

Coverage written by an incorporated insurer that still provides the policyholders with dividends, but does not have incorporated capital belonging to the policyholders.

Misunderstanding involving every party in a contract in this specific type of situation. The contract’s validity is not effected by a superficial mutual mistake. A contract is voided if it is a fundamental mutual mistakes. Also refer to mistake.

An agreement where two exchanges can be goverened under one contract.

Another state’s acceptance of one state’s standard certification. The United States and European Union rely on mutual standards’ acceptance across countries. Standardized weights and measures are an additional directive application to the interstate commerce laws.

Savings institutions mutually owned by their investors. These investors are paid dividends on earnings and profit, but get no stock.

A building society or friendly society are examples of this type of member-owned organization managed for their benefit.

Reciprocation; interchange. An acting by each of two parties; an acting In return. In every agreement the parties must, as regards tlie principal or essential part of the transaction, intend the same thing; i. e