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

Category: Finance Dictionary

METAPLAN

A system for gathering and arranging ideas, information, or data in a collaboration group environment. A manual metaplan strategy usually begins with collecting the data on cards, then using shared criteria to

METROPOLITAN STATISTICAL AREA (MSA)

For the purposes of census data and other urban population calculations the United States Office of Management and Budget determines these specific types of geographical divisions. Primarily based on urban areas, the

MICROENGINEERING

Molecular level machines and structures fabrication. Microengineered pumps and motors potentially can mimic the processes found in living organisms and are barely visible to the naked eye. Also known as nanotechnology.

MICRO-PROFITS

A specific type of business model generates these specific types of extremely low-valued profits. Revenues can come from a high transaction frequency of low-value transactions in these business models. Profits that are

MIDPOINT

In General, half of the distribution is above the mean and half is below at this point on a continuum.

MILL RATE

Equates to one dollar of assessed property value. Property values that are paid per dollar of the assessed value of that property. A tax figure used in assessing real estate.

MINI TAIL

After a claims made policy has expired, a 60-day extension that was added to a policy’s reporting time frame becomes this automatic extension allowing the insured to make claims until extension expiration.

MINIMUM RECOMMENDED SAMPLE SIZE

Sampling process requires this specific count as the smallest verification entities sample size. Sample characteristics are usually based on batch, lot, population, or universe. This is to ensure that any variation is

MINUTE BOOK

Compilation of meeting minutes retained in a binder or bound book for permanency. These are the detailed record of discussion and decisions at a firm’s official meetings. Typically this book is accessible

MISTAKE OF FACT

A legal obligation does not occur because a fact that exists or that does not exist is forgotten, or ignored. If a mistake of fact occurs in court proceedings, the erring court

MOBILE OFFICE

A temporary office with limited purpose. Typically part of moveable, temporary buildings. Establishes a business environment outside of the physical confines of the office space. Also describes an office purely virtual by

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

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