M - Acounting Glossary
Accounting definitions.
Source: Wikipedia.org
Management
accounting
Management accounting is concerned with the provision
and use of accounting information to managers
within organizations, to facilitate the managers
in their decision making and management control
functions. Unlike financial accountancy information
(which, for the most part, is made publicly available),
management accounting information is used within
an organization and is usually confidential.
Mortgage
A mortgage is a device used to create a lien on
real estate by contract. The mortgage is an instrument
that the borrower (called the mortgagor) uses
to pledge real property to the lender (called
the mortgagee) as security for a debt, also called
hypothecation.

