Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance Dictionary

MILLION DOLLAR ROUND TABLE

Life insurance agents’ association. Members qualify by selling a minimum of $1 million of insurance coverage. An additional criteria to also be a member of the National Association of Life Underwriters as

MINIMUM CONTACT

When an out-of-state defendant commits a crime in another state, this specific legal term defines that the defendant can be brought into state court where the crime was committed for the civil

MINORITY CONTROL

When several investors with small amounts of stock get together to gain control.

MISMATCH

When a banks assets and liabilities have a range of maturity dates.

MIXED INSURER/COMPANY

Denotes a stockholder-policyholder owned insurer. Also denotes an insurer that sells both life and health contracts.

MODE OF TRANSPORT

Shipment movement method from point ‘A’ to point ‘B’: air, rail, road, or sea.

MOISTURE CONTENT

A material or substance’s water amount, regardless of the water’s form.

MONEY TRANSFER

Moving money electronically or physically to a specified account or person from another specified account or person. Western Union is a company that transfers money.

MONSOON

South Asian landmass comprising of Bangladesh, Burma, Ceylon, India, Nepal, and Pakistan experience this specific type of seasonally heavy rains carried by high winds from Indian Ocean. The middle of July to

MORBIDITY TABLE

Disease, illness, injury, or sickness occurrence rates among people grouped and categorized by age or other factor like occupation collected as matrixed data by insurance companies.

MORTGAGE INSURANCE

Mortgage lenders protection policy for default events. Government agencies often require mortgage insurance as part of a loan agreement. The borrower/mortgagor buys it. Also refer to mortgage redemption insurance.

MOTIVATING

Influencing the way people think or behave individually or in groups by incentives, persuasion, or mental and physical stimulants.

MULIPLEXER

To allow two or more signals to pass over one communication circuit, like a phone line, this specific type of electronic device combines the signals. At the receiving end, the combined signal

MULTIDIMENSIONAL MEASURE

Typically expressed as a ratio, such as miles per gallon, kilometers per hour, grams per cubic meter this type of measure indicates a relationship between two or more units.

MULTIMODAL BILL OF LADING (B/L)

B/L issued from origin to destination for different ships and/or different transportation aircraft, railcars, ships, trucks carrying containerized door-to-door shipments. The principal carrier or the freight forwarder issuing the multimodal B/L has

MULTIPLE OPTION PLAN

An HMO, PPO, or a major health plan are employee choices under this specific type of plan.

MULTI-STEP FLOW THEORY

A theory stating that information moves in multiple directions as each consumer of this information passes it on along with their own interpretation of it. This information usually is from media outlets.

MUTUALITY OF CONTRACT

The requirement that all rules must apply to all parties to a contract for the contract to be enforceable. Otherwise, the contract must be rejected by all parties. No party is allowed

NARROW MOAT

A small competitive advantage one company may have over other competing firms operating in the same or similar industries. A narrow moat provides a very limited economic benefit lasting a short time,

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