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

Category: Finance Dictionary

METERED MAIL

Mail that uses printed or stamped images from a postage meter rather than individual stamps for postage. Used by organizations that mail large quantities. Metered mail is more efficient handling for high-volume

MEZZANINE LEVEL

Between startup and initial public offering (IPO) exists this specific type of a firm’s growth stage.

MICROFICHE

Film type of media. Microform of 4 x 6 inch or 105 x 148 millimeters. Typically contains a grid pattern equivalent to seven pages of text as several microimages. Is read by

MICROSOFT EXCEL

Multiplan was the first software program similar to Excel, released in 1982. Software developed and manufactured by Microsoft (MS) Corporation developed and sells Excel. It is a widely used user tool to

MIDTERM BARGAINING

Contract terms negotiations occurring while the contract is in force, rather than waiting until the contract needs to be renewed or re-initiated. Only new issues or issues not in the in-force contract

MILLARD

For large volumes of water, this specific unit of measure is used. It is equal to about 810,767 acre-feet, one cubic kilometer, or one billion (109) cubic meters.

MINIMAX REGRET CRITERION

Minimizing regret as the highest criterion for choosing a decision path over another. This criterion encourages avoiding regret In a situation where an event’s expected payoff is less than expected. Also known

MINIMUM SUBSCRIPTION

In any new issue this is the smallest securities share count allowed to be applied for. Legal precedent for this was set in the Companies Act of 1956. The law states that

MIRRORING AND MATCHING

Pension plans and insurance companies experienced at estimating future liabilities attempt to minimize the expenditures necessary to cover their liabilities. A function of these experienced investment institutions. Also known as portfolio dedication

MITIGATING CIRCUMSTANCE

Activities leading up to an offense that change the perception of why the offense occurred, not necessarily justifying the offense. Family or personal situations are circumstances that may help in obtaining a

MOCHIAI

A cross share holders network in a keiretsu company.

MONETARY DEFAULT

1. In Investing, on the National Best Bid and Offer (NBBO) this is the point at which market orders are executed against an available eligible contraorder, once submitted through International Securities Exchange.

MONOMORPHIC OPINION LEADERSHIP

Communication and media leadership type that provides information concerning one particular, highly specialized topic instead broadly based information. Making decisions based on less than full information is what a very narrow point

MORAL SUASION

Monetary policy governmental guidance as a tool to persuade financial institutions to follow suggested guidelines on the availability and cost of credit, instead of lawmaking power to mandate. Before mandatory compliance through

MORTALITY TABLE

Categorized by age and other factor like occupation is data gathered on the rate of death among groups of people by insurance companies.

MORTGAGE SECURITIZER

Originator or initiator of an asset backed security (ABS). Typically a business, bank, or individual. This entity can also transfer assets to the issuer directly or indirectly by monetizing and selling mortgage

MSCI-EAFE INDEX

Stands for Morgan Stanley Country Index – Europe, Australasia, Far East. It is an aggregate index of 21 individual country indices. It is widely accepted as a non-American shares benchmark and used

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