Managing My Money Glossary
Glossary of terms used in Managing My Money.
Friday, 3 May 2024, 9:25 PM
Site: Open Learning
Course: Managing my money (MMM_1)
Glossary: Managing My Money Glossary
M
Means testedMeans tested refers to payments that are made only to those who are assessed to have a certain level of income or less, and in some cases, a certain level of assets or less. |
Mortgage indemnity guarantee (MIG)An insurance policy that insures the lender for any losses on lending above a defined minimum loan-to-value sum. This is charged to the borrower. |