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

Category: Finance Dictionary

MIRANDA RULE

US legal requirement that a criminal suspect shall be told of standing constitutional rights before being interrogated. This rule results from the 1966 case of Miranda vs. State of Arizona. This requirement

MISUSE

A good, substance, privilege, or right used improperly, unforeseeably, or not as intended.

MOBILE PHONE

Portable, wireless telephone device. Cellular towers connect the calls between two devices. Mobile phones are the most widely used portable device in the world, using transmitted frequencies. Motorola developed the first mobile

MONETARY

That which relates to money. The mechanisms supplying it, circulating it, and running an economy. Contrast to that which relates to public revenues like taxation and public spending, debt, and finance, These

MONOMER

A single molecule used in a material or substance. It gets combined with other monomers to become a polymer.

MORAL RIGHTS APPROACH

All actions are moral and ethical if they do not coerce and do not interfere with others’ rights is this specific ethical concept.

MORTALITY SAVINGS

Expected mortality minus actual mortality experienced is this specific number.

MORTGAGE REDEMPTION INSURANCE

To repay the balance on a mortgage loan in case the mortgagor dies before payoff, one buys this type of decreasing-term life insurance policy.

MRO ITEMS

Refer to maintenance, repair, operations items.

MULTICHANNEL MARKETING

Marketing products by various methods and schemes while also selling the products through various distribution channels that support the other channels selling this same product. Typically the marketer reinforces the other channels

MULTIPLE LINE LAW

To write both property and casualty insurance the same insurer is legal under this specific type of state law.

MULTIPLE-MANAGEMENT PLAN

different types of management involved in this specific type of plan are typically in roles different than ones originally identified for them. This helps in vetting future upper-level management positions. Top-level management

MURABAHA

An Islamic financial transaction. Having property or an asset to sell, the owner will rent or lease it at a fully disclosed rate of profit to an interested buyer. Just like a

NAMES

Lloyd’s insurance underwriting syndicate members who provide risk capital, and share in the syndicate’s profit and loss, but do not participate in the underwriting process. In proportion to the invested amount, each

NATIONAL FIRE PROTECTION ASSOCIATION (NFPA)

A US organization that has international membership. Its purpose is establishing and updating fire protection and prevention safeguards. NFPA publishes National Fire Codes, standards, manuals, and recommended practices in a 16-volume set.

NEARBY FUTURES CONTRACT

The shortest maturity or settlement dated future or option. Just after the nearby futures contract settles, the next futures contract is the next closest futures contract that settles. The most distant futures

NEGATIVE DIVERGENCE

Overall trends being perceived to be taking place in a particular market are the point of disagreement by at least two averages or indexes.

NEGLIGENCE RULE

Legal principle preventing an entity from putting forth a defense based on a mistake caused by that entity’s negligence. For example, if a negligent entity causes a negotiable instrument’s misuse, as in

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