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M

also stands as an abbreviation for several words of which it is the initial letter; as “Mary,” (the English queen of that name,) “Michaelmas,” “master,” “middle.”

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M AND AVI BALLIVO

(I have commanded or made my mandate to the bailiff.) In English practice. The return made by a sheriff, where the bailiff of a liberty has the execution of a writ, that he has commanded the bailiff to execute it 1 Tidd, Pr. 309 ; 2 Tidd, Pr. 1025.

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M ANTE A

In old records. A long robe or mantle.

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M D

An abbreviation for “Middle District.” in reference to the division of the United States into judicial districts. Also an abbreviation for “Doctor of Medicine.”

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M R

An abbreviation for “Master of the Rolls.”

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M T

An abbreviation for “Michaelmas Term.”

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M&A

Alternative, short term for mergers and acquisitions.

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M-COMMERCE

Using mobile communication devices like cell phones or personal digital assistants (PDA) to transact electronic commerce, ecommerce.

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M1

demands on accounts such as circulating currency and deposits.

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M2

An M1 option plus overnight agreements and deposits, savings accounts, and mutual funds.

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M2ERE

Famous; great; noted; as /El- mere, all famous. Gibs. Camd.

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M3

An M2 option plus large time deposits and repurchase agreements.

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MA BELL

Telecommunications giant AT&T’s old, nostalgic name. Originally called Ma Bell because it was the primary service provider of telephone services and seen as the mother of the industry. The company adapted to the AT&T name after dismantling the original bell system company.

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MACARONI DEFENSE

When a company requires securities be purchased at a high cost preventing a hostile takeover.

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MACAULAY DURATION

In 1938 US academic Frederick Macaulay defined this tool. A fixed-income financial instrument’s approximate measure of its price volatility and interest rate-sensitivity. An interest bearing bond is an instrument example. Calculated as weighted average time left until a series of cash flows from the instrument are received. The weights are the present cash flow value divided by the instrument’s price. Also refer to modified duration.

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MACE

A large staff, made of the precious metals, aud highly ornamented. It Is used as an emblem of authority, and carried before certain public functionaries by a mace- bearer. In many legislative bodies, the mace is employed as a visible symbol of the dig- nity and collective authority of the house. In the house of lords and house of commons of the Rritish parliament, it is laid upon the table when the house is in session. In the United States house of representatives, it is borne upright by the sergeant-at-arms on extraordinary occasions, as when it is necessary to quell a disturbance or bring refrac- tory members to order.

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MACE-GREFF

In old English law. One who buys stolen goods, particularly food, knowing it to have been stolen.

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MACEDONIAN DECREE

In Roman law. This was the Senatus-oonsultum Mace- donianurru, a decree of the Roman senate, first given under Claudius, and renewed un- der Vespasian, by which it was declared that no action should be maintained to recover a loan of money made to a child who was under the patria potcstas. It was intended to strike at the practice of usurers in making loans, on unconscionable terms, to family heirs who would mortgage their future ex- pectations from the paternal estate. The law Is said to have derived its name from that of a notorious usurer. See Mackeld. Rom. Law, I 432; Inst. 4, 7, 1; Dig. 14, 6.

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MACHECOLLARE

To make a warlike device over a gate or other passage like to a grate, through which scalding water or ponderous or offensive things may be cast upon the assailants. Co. Litt. 5a.

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MACHINABILITY

Being easier to cut, drill, grind, and shape are typical of this material’s characteristics.

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