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

Category: Finance Dictionary

MIXED JURY

Panel of jurors made up of both genders as well as different ethnic groups.

MODEL OF THE WORLD

Concepts about how the world works, or environmental data stored in a machine’s memory, that guide a person or machine in its interactions with its surroundings. Also refer to mental models.

MOLASSES

Repeated centrifuging in crystalline sugar manufacturing of concentrated and clarified cane or beet juice leaves this heavenly, heavy, viscous liquid after the removal of sucrose from the mother liquor. The final molasses,

MONEYER

A person contracted by a government to physically make money out of a precious metal by striking a coin or printing currency. Another term for a banker.

MONSTER EMPLOYMENT INDEX

Monster Worldwide Inc. generates this specific type of monthly analysis report detailing demand for online jobs in the US. It uses information taken from most online job boards. Job market and economic

MORGAN STANLEY

Morgan Stanley was founded in 1935 by Henry S. Morgan and Harold Stanley. In 2008, the company converted from an investment bank to a bank holding company during a global credit crisis.

MORTGAGE INTEREST

Mortgage interest paid is tax deductible. Monies paid above principal for providing the loan to purchase the borrower’s home. Paid by a home mortgage borrower to the mortgage lender.

MOTIVE

1. In Law, this is why one committed the crime, the inducement, reason, or willful desire and purpose behind the commission of an offense. Whether the purpose was good, like helping someone

MULLEN BURST TEST

Measures the pressure needed to perforate a single paper sheet or paperboard to indicate its load carrying capacity under specific conditions. It has only limited reliability for double-walled, or two-ply corrugated sheets,

MULTI-DISCIPLINARY

Different disciplines with multiple specialists cover this specific type of treatment.

MULTITASK

1. In General, this is the ability to execute or complete multiple tasks simultaneously by one individual. 2. In Computers, this is a computer’s ability to allow a single user to run

MUTUALIZATION

Retiring the purchased stock of an insurer. Converting a stock insurer to a mutual insurer is done this way.

NARROWBAND

This is a bandwidth less than 1.544 megabits per second (Mbps). Very general term for a transmission rate less than a T1 circuit. Also refer to broadband.

NEGATIVE AMORTIZATION LIMIT

Specific loan types have this provision. The negative amortization amount is limited. The loan’s principal balance will not increase as the borrower pays less than the owed interest charge. Typically determined as

NEGATIVE PLEDGE

Unsecured loan agreement’ provision requiring the borrower to get the current lender’s consent before obtaining any secured loan. An example is a bond indenture clause prohibiting the bond issuer from pledging these

NEIGHBOR RULE

Legal principle that damage or injury to closely associated or nearby people or property may reasonably be foreseen by a person and avoided as acts of commission or omission.

NET CASH BALANCE

Money total in a financial account. Calculate as: all deposits to the initial deposit tallied minus all disbursements and payments made. If money is available, net cash balance is positive. If the

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