Legal Articles

Multi-Car Discount

A premium discount offered by some insurance companies if the policyholder insures more than one vehicle with them.

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Monetary Threshold

An amount set by the no-fault laws in some states that must be met before a lawsuit for damages may be commenced against an at-fault driver in an accident.

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Medical Payments Coverage (MedPay)

Coverage that pays for some of the medical and funeral expenses incurred by an insured individual as the result of an accident.

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MENTAL RESERVATION

having thoughts about the contract but not expressing them and may be used as an excuse not to carry out all of the contract.

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MUGGING

1. Robbing a person from behind and putting an arm around their neck so they are unable to retaliate. 2. Any type of hold up the occurs on the street.

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MORTAL WOUND

the term that is applied to a wound that is fatal.

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MORTGAGE CHATTEL

the term that is applied to the mortgage on personal property rather than real estate.

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MEMORANDUM OF UNDERSTANDING

this is the term that is given to the written note that details point where people agree on.

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MUNICIPAL COURTS

the term given to the city courts that are charged with administering the law of a city.

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MORTGAGE DERIVATIVES

A term that applies to investments that are risky and based on the direction of future interest rates.

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MONEY LAUNDERING

term applied to taking money gotten illegally and washing or laundering it so it appears to have been gotten legally.

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MERETRICIOUS UNION

A term applied to people who are living together as if married but for one reason or other are unable to be legally married.

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MATCHED ORDERS

the term given to the buy and sell orders that make a wash sale.

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MORTGAGE GENERAL

the term given to a general mortgage that covers all of a debtor’s property.

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MANN ACT

Federal law that makes it unlawful to transport a woman across state or country borders for immoral acts. Also called the White Slave Traffic Act.

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MOTION IN ERROR

term that describes a motion to review the decision of a court to see if an error was made. See writ of error.

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MUTUAL ACCOUNT

the term given to an account where the transactions are between 2 people u til a time when debts and credits are balanced.

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MEDICOLEGAL

the term that describes cases concerning law and medicine.

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MISBRANDING

a term given to the labelling of a product so it imitates another or stating the wrong amount of an ingredient on a label.

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MERCY KILLING

the term that is given to the terminating of a person’s life that will end the pain and suffering.

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