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

Category: M

MOOT POINT

Raised during a debate, this type of matter has absolutely no effect on the debated controversy.

MORNINGSTAR SYSTEM

Rating scale for US mutual funds. Uses a one star (lowest) to five stars (highest) range. Ratings based on a fund’s risk-adjusted performance over a 3, 5, and 10 year period. Morningstar,

MORTGAGE LOAN PAYABLE

Throughout the accounting period on the balance sheet principal interest payment transactions are recorded. The balance is transferred to the next accounting year if the principal is unpaid at the end of

MULTI-BRAND STRATEGY

Under different and unrelated brands two or more similar and competing products are marketed by the same firm. Multi-brand strategy has some advantages as a means of (1) holding more shelf space,

MULTIFUNCTIONAL PERIPHERAL

One compact unit that combines fax, phone, scanner, copier, and printer functions is this type of office appliance.

MULTIPLE SOURCING

Using many different providers of components and services in the production process. This reduces production risk to the supply chain if it has a problem and keeps production on track in the

MUNICIPAL IMPROVEMENT CERTIFICATE

To fund projects, local governments used this specific type of certificate . The loans issued with this certificate are interest and tax free. This helps minimize the cost to the local governments

MYSTERY SHOPPER

Posing as a casual shopper, gathering information on the stores’ display, prices, and sales staff quality, this specific type of person is hired by a market research firm or a manufacturer to

MADE TO ORDER

Specifically produced or prepared as the customer requested. Most fast-food purchases, burgers or sandwiches, are made to order. Cooked food, warm items, un-assembled final product awaits the customer’s actual order. Any special

MAINTENANCE BOND

a type of construction bond that guarantees against defective materials or craftsmanship. This bond is good for a specified amount of time after the finished work has been accepted.

MAKE A MARKET

Over the counter trading of a particular security by a dealer able, ready, and willing to buy and/or sell.

MALWARE

Unauthorized, destructive action designed from surreptitious invasion of a computer system by this type of software code. Refer to virus.

MANAGERIAL FLEXIBILITY

The management team’s ability to fit investment decisions to existing market conditions, such a timing and scale, versus to preset assumptions and goals. A mining company with managerial flexibility in its operations

MAN-YEAR

A 12-month period of one person’s productive effort represented as a unit of work. Also known as labor year.

MARGINAL EXTERNAL BUDGET

Total benefit change of some households or businesses due to a unit change in other households’ or businesses’ consumption or output.

MARGINAL RATE

A taxpayer’s taxation rate on the last income dollar. Earlier income tax rates are lower, and the rates increase at specific income increments as income increases.

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