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

Category: Finance Dictionary

LOW CARBON STEEL

More ductile and malleable steel type. Can be made into thin sheets suitable for autobody panels. Contains 0.005 to 0.3 percent carbon, and less than 0.6 percent manganese. that

LUCAS WEDGE

When the economy suffers a downturn, this is a visual display of society’s costs. Represents output loss resulting from growth rate tied to the real gross domestic product slowing down.

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

MACRO RATING

Superseded by CAMELS rating since 1994. Older evaluation-soundness measure of a bank. Management, asset quality, capital adequacy, risk-management, and operating results are evaluated.

MAIL ORDER/TELEPHONE ORDER (MOTO) DISCOUNT RATE

When the actual card is unavailable to the merchant, the merchant’s account provider charges a handling fee for credit card transactions. By-mail, by-phone, or by-Internet orders are that situation. Due to the

MAJOR HOSPITALIZATION POLICY

Only covers expenses from the time the insured is hospitalized is a policy that is essentially the same as major medical insurance.

MALL INTERCEPT

Asking questions of shoppers in a mall will take place for the purpose of marketing research conducted as one type of interviewing.

MANAGEMENT COMPANY

Managing mutual funds, unit trusts, hotels, resorts, property development, and offshore companies for a management fee is what this organization does when retained by investors/owners. Providing services much like accounting, general administration,

MANIPULATED VARIABLE

An independent variable one can alter to get a particular effect. For example, for a period of time to see how one’s weight changes in response, one can lower one’s calories intake,

MANUFACTURING COST

Direct material, direct labor, fabrication, manufacturing overhead, assembly, and end-item testing all comprise this type of cost.

MARGINAL PRODUCTIVITY

With all other factors remaining constant, this is the resulting output change from altering, by one unit, the labor input.

MARGINAL UTILITY

With all other factors remaining constant, this is an activity’s overall benefit increase caused by a unit’s activity level increase. Also known as marginal benefit.

MARKET CONDUCT EXAMINATION

To evaluate an insurer’s practices and operations, the state’s insurance department conducts this type of examination. The intent is to establish in that state the insurer’s authority and worthiness to practice its

MARKET SKIMMING PRICING

A producer’s strategy of setting a high price for an exclusive, new high-end product. Some examples are a very expensive perfume or a uniquely differentiating technical product, like a one-of-a-kind software or

MARKS

An identification consisting of letters, numbers, and/or symbols painted, printed, stamped, written, or otherwise affixed to cargo containers or packages. The shipper is responsible for marks. Any backfreight or overcarriage due to

MASS MERCHANDISE

Goods that many people, even most people, consume each and every day. Candy, diapers, milk, snacks, soft drinks, and toilet paper are a very short list of examples of products mass merchandised,

MASTER RECORD

Subsequent copies are made from this one original document.

MATERIAL MISREPRESENTATION

If known to the other party, a contract, deal, or transaction could have been aborted, or significantly altered by this deliberate hiding or falsification of a material fact.

MATURE ECONOMY

Exists when the population birth rate equals the death rate, or is less.

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