Managing My Money Glossary
Glossary of terms used in Managing My Money.
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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. | |