| Majority |
| The age at which a person is entitled to handle his or her own affairs. |
| Marketable Title |
| A good title about which there is no fair or reasonable doubt. |
| Mechanic's Lien |
| A lien allowed by statute to contractors, laborers and material suppliers on buildings or other
structures upon which work has been performed or materials supplied. |
| Metes and Bounds |
| A description of land by courses and distances. |
| Minor |
| One who because of insufficient age or status is legally incapable of making contracts. |
| Monument of Survey |
| Visible marks or indications left on natural or other objects indicating the lines and boundaries
of a survey. May be posts, pillars, stones, cairns, and other such objects. May also be fixed natural objects, blazed trees,
roads and even a water course. |
| Mortgage |
| An instrument used to encumber land as security for a debt. |
| Mortgage-Backed Security |
| A security evidencing either the ownership of an interest in a mortgage loan or pools of
mortgage loans, or a separate obligation secured by a mortgage loan or pool of mortgage loans. |
| Mortgage Banker |
| A specialized lending institution that lends money solely with respect to real estate and
secures its loans with mortgages on the real estate. |
| Mortgage Broker |
| A person or company that buys and sells mortgages for another on commission or who arranges for
and negotiates mortgage contracts. |
| Mortgage Revenue Bonds |
| Issued by communities as a means of providing lower cost mortgage funds to certain qualified borrowers. |
| Mortgagee |
| The mortgage lender. |
| Mortgagee's Policy |
| See "Lender's Policy." |
| Mortgagor |
| The mortgage borrower. |
