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Monetary Policy Rate

The key lending rate of a central bank. This rate is determined and re-evaluated by a dedicated committee (known as...

MRO

An acronym for main refinancing operation; an open market operation (OMO) that entails providing one week liquidity to the banking...

Main Refinancing Operation

An open market operation (OMO) that entails providing one week liquidity to the banking system. It is a regular liquidity-providing...

Margin

In relation to a loan, it represents the difference between the current market value of collateral posted for a loan...

MCLR

It stands for marginal cost lending rate; the minimum interest rate below which banks and financial institutions cannot lend as...

Marginal Cost Lending Rate

The minimum interest rate below which banks and financial institutions cannot lend as it would be infeasible, or not allowable...

Market-Linked Certificate of Deposit

A certificate of deposit (CD) that is linked to the performance of some market variable, specifically the price of a...

Mortgage Loan

A loan that is extended by a bank or financial institution to an individual or firm seeking to buy a...

M1

A component of money supply that consists of highly liquid forms of money: coins and currency (banknotes, and other digital...

MLCD

It stands for market-linked certificate of deposit; a certificate of deposit (CD) that is linked to the performance of some market...