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

Category: Finance Dictionary

MARKET MAKER

Broker, dealer, or investment firm that takes possession of, and trades in, a security as a principal, thereby assuming market and systemic risk. Continually quoting bid and offer prices, and guaranteeing full

MARKETING MANAGEMENT

A company’s marketing resources and activities assessed and resourced to apply, track and review events and activities.

MARXISM

Economic, social, and political philosophy as a organized method based on the view that social change is definable in terms of economic factors. The means of production is the economic base that

MASTER FRANCHISE

Within a specified geographical area, a franchisee with the right to appoint sub-franchisees is authorized by the franchiser in this specific type of arrangement..

MATCHING RULE

Offsetting an income transaction with an expense transaction is the duty of an accountant.

MATHEMATICAL MODEL

Forecasting future behavior method of simulated real-life situations with mathematical equations as this type of mathematical modeling. Decision-theory, queuing theory, and linear programming are typical tools. Large amounts of number crunching are

MATURITY INTERMEDIATION

Borrowing at short-term interest rates, but loaning funds long-term. Bank is in a vulnerable position.

MAXIMUM INVENTORY LEVEL

A never-to-be-exceeded inventory. One method of inventory control is calculating maximum inventory level.

MEAN MAINTENANCE TIME

Preventive maintenance time and corrective maintenance time is tallied together, then divided by the total preventive and corrective maintenance actions occurring over a year.

MEDICARE SELECT POLICY

Benefits to specific providers in-network are paid by Medicare through this specific type of supplement policy or certificate.

MEMORANDUM (MEMO)

As a means of communication, or to outline the terms of an agreement in its draft stage one uses this type of informal written brief, note, record, reminder, or summary.

MERCHANDISING SERVICE

Communications media service provided to advertisers. Advice on ad placement or demographic information about a medium’s market are a few examples of merchandizing service.

METAPHOR

Method of using two very different items to extend a word’s scope of a word, showing agreement to illustrate a point, or to correspond as an analogy in details between these two

METROLOGY

This is not Meteorology, the science of weather phenomenon. This is weights and measures as a science. The conformance to specification and technical requirements, and development of standards are assessed.

MICROECONOMIC TRENDS

Consumer, household, or firms’ income, savings, debt, and expenditure as economic factors in the patterns of movements or changes.

MICROPROCESSOR

On a single silicon chip, known as a microchip, sits the central processing unit. or CPU, that different programming instructions ‘soft wire’. A microprocessor becomes a microcomputer when interfaced with memory and

MIDMARKET

Typically having between fifty and one thousand employees, this specific type of business lies in the middle range between small businesses and large companies. Mid-market businesses often work under the same rules

MILL CONSTRUCTION

High standard and specification construction. Above-average structuring. These standards qualify for reduced rates on fire insurance on warehouse types of buildings.

MINI MILL

Scrap mixed with directly reduced iron (DRI) is used by this type of steel mill that makes metal not from the ore.

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