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

Category: M

MARKOVIAN DEPENDENCE

A given event is dependent to some degree on recent previous events in this type of situation. Research may find that a bull week in the stock market is followed by another

MASS MEDIA

Principally using the national newspapers, radio, and television for impersonal broadcasting a message through these various channels to the general public, .

MASTER PRODUCTION SCHEDULING (MPS)

A comprehensive product manufacturing schedule that covers what is to be assembled or made, when, with what materials acquired when, and the cash required translated into a business plan. Material requirements planning

MATERIAL INFORMATION

When it is revealed to the public, any company or product information that is likely to change a security’s perceived value. Common examples of material information are: bankruptcy filings, board of directors

MATURE

The point when a policy’s face value is paid out, as when the insured dies, the policy is mature.

MATURITY VALUE

1. For a Debt instrument, this is an at-maturity collectable or due obligation amount. 2. For Endowment insurance, on reaching a specified age at the end of endowment period, this is the

MAXIMUM TOLERATED DOSE

Without significant impairment or adverse effect other than carcinogenicity, an animal specie can tolerate for a major part of its life span this specific highest dose of a chemical or substance.

MEASURES

1. Act of taking measurements, using meaningful standardized units to quantify values. For example, one measures dimensions to quantify length, width, weight, mass, and the like. 2. Calculated actions taken to remedy

MEDICAL INFORMATION BUREAU

the health conditions of individuals who have been insured in the past are kept as coded information by this specific bureau. To get all possible information on prospective insureds, life and health

MEGACORPORATION

A single parent company owning this large collection of companies. Megacorporation’s usually exist beyond political boundaries and operate throughout the world in many countries. Political clout and influence over markets comes with

MENTAL HEALTH PROVIDER

Social workers, psychologists, and psychiatrists as this type of care providers. To provide mental health care these people must meet federal and/or state requirements.

MERIT SYSTEM

Evaluation of abilities and achievements, and not politics or favoritism as the basis of this type of uniform and impersonal employment and advancement policy.

METHOD OF PROCUREMENT (MOP)

purchase orders or contracts generated by this specific procedure from requirements or requisitions. (1) competitive bidding, (2) direct negotiations, and (3) single source acquisition are three common MOPs.

MICRO RISK

A risk related to political actions within a host country that adversely affects specific foreign operations, even if these risks beyond the reigning government’s control. Additionally, these adverse actions can migrate into

MID MARKET PRICE

Security’s price mid-way in its offer and bid price. Used mainly in computing investment performance statistics. Mid-market prices appear in the stock / share data tables of most newspapers.

MILE

Traditional distance measure. Currently used only in a few countries, such as the US. One mile equals 1609.34 meters, 8 furlongs, 80 surveyor’s chains, 320 rods, 1760 yards, or 5280 feet.

MILLILITER

Equals about 0.06 cubic inch, one-thousandth of a liter, or one cubic centimeter.

MINIMUM COMPENSATION LEVEL

In order to qualify to take part in a pension plan or profit sharing plan an employee must earn this specific pay amount.

MINI-WAREHOUSE LIMITED PARTNERSHIP

This type of partnership invests funds into small warehouses. They then lease the available space available at a monthly rate to other entities. Partner percentage is the rate of division of any

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