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Glossary - All Financing Terms are Defines Here
Glossary - M
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Margin :
The amount a lender adds to the index on an adjustable rate mortgage to establish the adjusted interest rate.

Mark-up :
The difference between the invoice price and the price the dealer sells the car for.

Market Value :
The highest price that a buyer would pay and the lowest price a seller would accept on a property. Market value may be different from the price a property could actually be sold for at a given time.

Marketable Title :
A title that is free and clear of objectionable liens, clouds, or other title defects. A title which enables an owner to sell his property freely to others and which others will accept without objection.

Monroney Sticker :
The price sticker required by federal law for all new vehicles. The Monroney Sticker lists all the vehicle's options along with the manufacturer's suggested retail price (MSRP).

MSRP :
Manufacturer's Suggested Retail Price. This is the recommended selling price for a vehicle, set by the manufacturer. Options added or removed from a vehicle effect this price.

 

 

 

 

 

 

 

 

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