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

Category: Finance Dictionary

LUMBER

Prepared wood, readied for the process of being used in building, construction, paper, or other similar purposes. A tree cut down, or sawed into standard boarding, lumber refers to wood at any

MACARONI DEFENSE

When a company requires securities be purchased at a high cost preventing a hostile takeover.

MACRO RISKS

The nation’s economic relations with another nation as potential political issues. An example is a country’s middle class population revolting. Actions within or outside governmental control are viewed as potential risks.

MAIL SHOT

Unsolicited marketing material in a bulk distribution occurring in the UK. Also refer to spamming.

MAJOR ITEM

The operational capability of a machine, plant, or system would be impacted but not be a catastrophe if this item were unavailable.

MALLEABILITY

Beating, rolling metal into very thin sheets, allowing metal to be bent and twisted into practically any shape without cracking or rupturing as that metal’s characteristic.

MANAGEMENT DEVELOPMENT

Organizational development portion covering executive-level employees recruitment, assessment, and training to equip them for higher positions in leadership . This process typically includes: (1) cognitive thinking development, idea generation, and decision making,

MANIPULATIVE

1. The way one acts attempting to attain selfish ends by disregarding another’s aspirations or well being to control or play upon that one’s hopes or fears. 2. To use a model

MANUFACTURING INFORMATION SYSTEM

Management information system type targeting any production becoming computerized. Managers need to plan and direct operations within the company and use modern management information systems designed to collect and present the necessary

MARGINAL COST OF CAPITAL

Cost determination method for obtaining just one more dollar of capital. When considering how to raise additional funds, some methods are more costly than others.

MARGINAL PRODUCTIVITY THEORY OF WAGES

Economic concept that marginal productivity determines labor demand and labor’s marginal product value determines the wage rates. Also known as marginal productivity theory of income distribution.

MARGINAL VALUE PRODUCT

Output’s market value after adding a single input unit. Multiply the marginal product by the added output unit’s selling price. Also known as marginal revenue product.

MARKET COVERAGE

In a given market, as a percentage of a saturation level, a count of active retail and/or wholesale outlets selling a specific firm’s brands. Following a concentrated marketing, a differentiated marketing, or

MARKET VALUE

1. In an open and competitive market, a buyer willingly pays and a seller willingly takes this highest estimated, and acceptable, price for an item . 2. In Accounting, this is the

MARKUP LANGUAGE

Describing, and wrapping or encapsulating data and its attributes using a specialized computer language. A markup language embeds processing instructions, called tags, in electronic documents. This is done to accurately style and

MASTER AGREEMENT

One legal document that consolidates separate but related agreements between the same signing parties. Also known as master contract.

MASTER TRUST

A trust company manages several trust properties as a single trust property acting as a trustee for a group of associated trustors or firms under this type of custody arrangement.

MATERIAL PARTICIPATION TEST

A taxpayer is identified as a material participant in a business by this specific type of criteria. Income received by the taxpayer from that business will be identified as active or passive

MATURE MARKET

One that is functioning without change or innovation or has no growth.

MAXIMUM ACCEPTABLE TOXIC CONCENTRATION

Environment’s toxic substance concentrations range starting at ‘no observable adverse effect level’ and limiting at the ‘lowest observable adverse effect level’.

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