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Managing my money
Managing my money

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Managing My Money Glossary

Glossary of terms used in Managing My Money.


Browse the glossary using this index

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M

Means tested

Means 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.