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

Category: M

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

MISCELLANEOUS INCOME

income gained from property, money or other assets as royalties, rents, prizes, dividends, interest, or any other income otherwise unreported to the IRS. This income type uses IRS Form 1099MISC. If the

MIXED FORECASTING

Using several different methods in a single forecasting process of a company’s future performance. a single analyst or a series of them can do this type of forecasting. Regardless, ascertaining the same

MODE OF TRANSMISSION

The way a communication, document, or record gets to its intended audience or receiver from its originator.

MOHS’ HARDNESS SCALE

the German geologist Friedrich Mohs (1773-1839) invented this scale in 1812. Ten minerals arranged and numbered from the softest to the hardest. The mineral with a higher number can scratch a lower-numbered

MONEY PURCHASE BENEFIT FORMULA

Both employee and employer have fixed contributions with this specific type of pension plan. A flat amount or a percentage of the salary are fixed contributions based on the employee’s salary.

MONOSPONY

Unique market situation. Several producers compete for a single buyer’s business. War-related goods, like aircraft, artillery pieces, missiles, and other weapons, for example, have a government as its the sole customer.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.