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

Category: Finance Dictionary

MORAL OBLIGATION DEBT

Carrying both a higher risk and a higher yield as it is not secured by the issuer to its full amount, a local, state, or federal government carries this type of bond

MORTALITY RATE

Likelihood that a person will die, belonging to a specific group, categorized by age, occupation, or some other factor. In setting life insurance premium rates, mortality rate is a basic factors used.

MORTGAGE PROTECTION

Optional insurance coverage in case a home buyer becomes financially unable to continue making mortgage payments. The lender or borrower may purchase this to cover mortgage payments.

MP3 (MPEG LAYER 3)

Digital audio compression and playback standard able to fit 150 songs requiring 7.5 gigabytes or more of storage space on a single CD with very little loss in sound quality. Compression can

MULTICASTING

A single device communicates with two or more devices with a single transmission in this transmission method. A multicast message is transmitted only to one or more selected devices. In contrast, broadcasting

MULTIPLE INDEMNITY

Benefits provided by a specific policy will be multiplied by a specific percentage stated in the type of clause. A peril happening in a certain way might be double indemnity in a

MULTIPLE WORKSITE REPORT (MWR)

Companies that have employees at multiple locations in a particular state submit this specific type of employment and wage report. States use these reports to identify that federal funds allocations across different

MUNIMENTS OF TITLE

A particular piece of property or other asset has proven ownership by these specific types of documents. Stock or bond certificates, a title to a car, a deed to a house or

NAMED PERILS

Covered on an insured property are specific types of losses’ potential causes..

NATIONAL CUSTOMS BROKERS AND FREIGHT FORWARDERS ASSOCIATION

An international trade advocacy organization for companies to educate their members especially regarding legislative and regulatory issues. A large lobbyist group in the nation’s capitol. Members include freight forwarders, customs brokers, and

NEGATIVE DEMAND

Negative image or connotations caused lost consumer loyalty. Consumers avoid products or firms associated with unfair labor policies or harming the environment. Consumers are willing to pay a little more to switch

NEGLIGENCE PER SE

Under legal provisions this type of conduct automatically constitutes negligence.

NET DEBT

Short-term loans plus long-term loans minus cash and cash equivalents equals this amount.

NET INTEREST COST

Calculated as a Bond issuer’s interest cost: (total interest payments plus discounts minus premiums) divided by the bond’s maturity period in years. Money’s time value is not taken into account by this

NET OPERATING INCOME

In an accounting period, operating revenue exceeds operating expenses as this amount. Excluded are extraordinary gains and losses, financial expenses like interest paid, and financial revenue like interest earned.

NET REALIZABLE VALUE (NRV)

Inventory or receivables valuation’s financial accounting calculation. Calculated for inventory accounting as: sold asset’s expected return minus asset’s sale expenses. Calculated for receivables accounting as: amount due minus outstanding balance recovery cost.

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