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

Category: Finance Dictionary

LOSS EQUITY PUT

When new equity is issued after a trigger event. It is a contingency measure.

LOSS OF USE

Lost capacity of one’s body part or entity’s property due to another party’s negligence or wrongdoing causing the lost capacity. Compensation throughout the lost-capacity duration is typical. This is a legal term.

LOT AND BLOCK

Land parcel identification and location method. A unique combination number of lot-and-block is assigned to a land parcel, distinguishing it from surrounding parcels. Also refer to Recorded Plat Survey System.

LOWER QUARTILE

Portion of data, separated into four equal parts, representing the divided set’s lowest value.

LUXURY CLASS

A level above travel class. Most pricey accommodations.

MACHINE SCANNING

An optical device reads printed materials and transfer into digital format as electronic data input. Optical character recognition (OCR) technology is used.

MAGNETIC STRIPE READER

Device for reading information by required contact with a magnetic stripe card. The card must pass through a slot, or swipe, to read stored information. Also known as card swipe machine or

MAINTENANCE STRATEGY

Making ongoing but limited investments in its marketing aimed at maintaining the current market share of a brand or product, specifically in stagnant or low growth markets, as a planned support approach.

MAKE-UP AIR

Ventilating equipment to heat or cool circulates purchased fresh outside air throughout a building.

MANAGEMENT BUY IN

Outside investors’ purchase of a firm, retaining existing management, but make the board of directors their representative. Believing the firm’s products will generate greater future yields with strategic changes and/or capital infusion

MANUAL RATES

Using a large number of claims, collecting data on average claims helps derive this type of insurance rates. Based on information available on certain groups, these rates are then customized.

MARGIN LOAN

A loan usable for varied purposes. Typically, it is offered by a broker for purchasing securities in a margin account to an investor and secured by the investor’s collateral.

MARGINAL RELIEF

Payable income tax amount adjustment by a firm whose taxable income slightly exceeds the upper limit of a tax bracket, or band. This adjustment is usually only available to small firms and

MARKET ACCEPTANCE

Continued or increased production and availability warranted by this state of satisfying a sufficiently large customer base with a good or service.

MARKET ON CLOSE ORDER

At the end of a trading day, as late as possible, is when to execute this type of market order.

MARKETWATCH

Owned and operated by the Dow Jones, this is a financial website that reports important information relevant to investors, such as up-to-date information on stock market statistics and corporate news. Launched in

MASS COMMUNICATIONS

National press, radio, and television, utilized as mass media method of delivery of messages to general public.

MASTER LIMITED PARTNERSHIP

Collective leveraging of a number of existing limited partnerships into a financing arrangement that brings together one or more properties or projects into a more marketable entity. Real estate development, oil and

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