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

Category: M

MISMATCH

When a banks assets and liabilities have a range of maturity dates.

MIXED INSURER/COMPANY

Denotes a stockholder-policyholder owned insurer. Also denotes an insurer that sells both life and health contracts.

MODE OF TRANSPORT

Shipment movement method from point ‘A’ to point ‘B’: air, rail, road, or sea.

MOISTURE CONTENT

A material or substance’s water amount, regardless of the water’s form.

MONEY TRANSFER

Moving money electronically or physically to a specified account or person from another specified account or person. Western Union is a company that transfers money.

MONSOON

South Asian landmass comprising of Bangladesh, Burma, Ceylon, India, Nepal, and Pakistan experience this specific type of seasonally heavy rains carried by high winds from Indian Ocean. The middle of July to

MORBIDITY TABLE

Disease, illness, injury, or sickness occurrence rates among people grouped and categorized by age or other factor like occupation collected as matrixed data by insurance companies.

MORTGAGE INSURANCE

Mortgage lenders protection policy for default events. Government agencies often require mortgage insurance as part of a loan agreement. The borrower/mortgagor buys it. Also refer to mortgage redemption insurance.

MOTIVATING

Influencing the way people think or behave individually or in groups by incentives, persuasion, or mental and physical stimulants.

MULIPLEXER

To allow two or more signals to pass over one communication circuit, like a phone line, this specific type of electronic device combines the signals. At the receiving end, the combined signal

MULTIDIMENSIONAL MEASURE

Typically expressed as a ratio, such as miles per gallon, kilometers per hour, grams per cubic meter this type of measure indicates a relationship between two or more units.

MULTIMODAL BILL OF LADING (B/L)

B/L issued from origin to destination for different ships and/or different transportation aircraft, railcars, ships, trucks carrying containerized door-to-door shipments. The principal carrier or the freight forwarder issuing the multimodal B/L has

MULTIPLE OPTION PLAN

An HMO, PPO, or a major health plan are employee choices under this specific type of plan.

MULTI-STEP FLOW THEORY

A theory stating that information moves in multiple directions as each consumer of this information passes it on along with their own interpretation of it. This information usually is from media outlets.

MUTUALITY OF CONTRACT

The requirement that all rules must apply to all parties to a contract for the contract to be enforceable. Otherwise, the contract must be rejected by all parties. No party is allowed

MACAULAY DURATION

In 1938 US academic Frederick Macaulay defined this tool. A fixed-income financial instrument’s approximate measure of its price volatility and interest rate-sensitivity. An interest bearing bond is an instrument example. Calculated as

MACROECONOMIC CONDITIONS

National or state-level economic factors. These influence the whole aggregated economy. Changes in employment levels, gross national product (GNP), and prices, be it deflation or inflation, are typical influences.

MAILING LIST

Listed physical mailing addresses. Names, phone numbers, household income levels, and geographical location are typical data elements on the list. Used to send advertisements and relevant information to listed individuals. A company

MAJOR MARKET INDEX

Trading in options and futures is based on an index such as this. 20 blue-chip stocks comprise such a US stockmarket index. 17 of these blue-chip are also in the Dow Jones

MALNUTRITION

An insufficient, poor, sub-nutritional diet or an excessive, rich but unbalanced diet tied to a lack of calories and/or essential minerals, proteins, vitamins, manifests as a diseased state of kwashiorkor, marasmus, oedema,

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