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

Category: Finance Dictionary

MATERNITY RIGHTS

Pregnant workers’ statutory rights: (1) pre-delivery antenatal examinations as paid time-off, (2) typically 14 weeks of material leave, (3) employment contract preservation during maternity leave, (4) normal sickpay rate payment during maternity

MATURITY DATE

A contractual agreement, financial instrument, guaranty, insurance policy, loan, or offer is due for settlement on this specific date. Also known as redemption date for investments. Is also a synonym for settlement

MAXIMUM EXPOSURE LIMIT (MEL)

Highest allowable chemical-concentration in a period-limited worker exposure. Some chemicals have short reference periods. MEL is usually expressed for an 8-hour reference period in parts-per-million (ppm).

MEDIA RATE

1. In Advertising, billboards, online ads, newspaper inserts, and the like as different types of advertising media that have this specific type of standard rates. 2. In the U.S. Mail, books, films

MEDICARE

For those who qualify, paying hospital and other health care costs through this specific government run and funded plan. Usually, people older than 65 qualify. Part A, providing compulsory hospital benefits, and

MEMO BILL OF LADING (B/L)

Serving only as a receipt for cargo that does not show freight amount, this is a specific type of abridged B/L form.

METAL

Chemical element characterized (1) as a good heat and electricity conductor, (2) as opaque but when polished reflects light very well, (3) as malleable, (4) as processable into wires, (5) as sonorous

METRICATION

Generally known as the metric system, this is the introduction of the International Standard (SI) measurements system. Conversion to it can improve a nation’s prospects for international trade and investment. With the

MICROCOMPUTER

Consists of one or more microprocessors, stored program memory known as read-only-memory or ROM, random-access-memory (RAM), input/output logic, and usually one or more data input devices such as keyboard, mice, or stylus,

MICROORGANISM

Visible under a microscope, this type of living organism is too small to be seen with naked eye. Also known as microbe.

MIDDLE-OF-THE-ROAD

An expression typically meaning that this entity is taking no extremes in its strategies. It also refers to entities that target customers in the median income and spending tendencies range. The focus

MILK RUN

In the past, it meant an easy, simple delivery schedule. In current terms, it is a delivery method for different suppliers and mixed loads together. This method is from the dairy industry

MINERAL LEASE

In exchange for predetermined compensation, this is a specific type of lease arrangement between an entity and a property owner. It grants the entity the rights to explore to determine if minerals

MINIMUM PURCHASES

To invest in a mutual fund the financial institution requires this specific type of lowest monetary amount. To open a new account, this is called the minimum initial purchase. To deposit into

MINOR’S ACCOUNT

A specific type of savings account setup for a minor by an adult. This type of banking account does allow the minor to make withdrawals and deposits, but does not provide all

MISSTATEMENT OF AGE

The insured’s falsifying own age on a policy application or falsifying a beneficiary’s age to trigger benefits sooner. This term also refers to a clause that details the insured’s consequences upon finding

MNEMONIC

An acronym or rhyming sequence, as examples of this specific type of memory-assistance device or formula

MODIFIED

Many contexts use this general term. Insurance coverage on similar policies refers to a changed premium from the normal premium.

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