Glossary | Funding

GLOSSARY

Glossary

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There are 5 Terms in this directory beginning with the letter M.
Maturity/Expiry
Maturity usually refers to a date when a loan, bond or other debt instrument is due to be repaid in full. On the Funding.com.au platform the schedule end date could also be referred to as the ‘maturity or expiry date’.

Mezzanine Financing
Mezzanine Financing usually refers to the financing between a company’s senior debt and equity. In a payment scenario mezzanine finance is secondary to the senior debt.

MLR checks
MLR checks, short for Money Laundering Regulations, apply to banks, building societies and credit unions. They involve carrying out thorough due diligence and KYC checks to prevent money laundering or financing of corrupt businesses.

Mortgage
A Mortgage is a type of loan which is secured by the collateral of a specific property. The borrower must pay the mortgage back with predetermined set payments. For a residential mortgage, the lender has a claim on the property in case the borrower defaults on their payments.

Mortgage Brokers
A Mortgage Broker is an intermediary that brings together borrowers and lenders.