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

Category: M

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 EXPENSES

An expense against a tangible and an intangible asset. A charge must be broken down to reflect separate assets when a tangible and intangible asset cost must be allocated to one account.

MODULE

1. Stand-alone, standardized or self-contained segment is a part along with other such segments of an educational course or training program. 2. Prefabricated, self-contained, standard unit. Can be combined with compatible yet

MONEY MARKET DEPOSIT ACCOUNT

Savings account type used by banks and brokerage firms to invest in short-term debt obligations using funds held on deposit. This account type typically offers limited check writing privileges. It also typically

MONOPSONY

A market with only one buyer given them price control.

MORBIDITY

Leaving physical or psychological wellbeing as a state. Caused by disease, illness, injury, or sickness, particularly where the affected individual is aware of the condition. Morbidity is measurable in terms of (1)

MORTGAGE DURATION

Length of a mortgage, typically in years, unless some principal pre-payment occurs. For an asset that is not property, it can be the number of years until an investor receives the initial

MOST FAVORED NATION (MFN)

Non-discriminatory trade policy commitment offered reciprocally offered between two countries. Both countries set the lowest import duty and quota restrictions on each other’s imports as they do on similar imports from any

MUDARABA

Arabic-styled finance, pre-Islamic. One individual provides startup capital as the financier. Another individual will do the actual work, as the entrepreneur. Here, a single-tiered mudaraba exists. If there is a go-between negotiator,

MULTIPLE LOCATIONS FORM

A specific insurance policy type covering property and any type of assets owned by an individual at multiple locations. Goods, futures, specialized equipment, or improvements made by the owner or others are

MULTI-SKILLING

A single employee training in multiple skill-sets. A particular purpose in labor unions and their structure promotes workers with a range of skills or knowledge, These become useful on several different projects,

MUTUAL FUND SUBADVISOR

A fund manager’s hired assistant in managing investment portfolios. A sub-advisor works outside of the fund itself as a money manager. With the goal of reaching specific objectives, sub-advisors are authorized to

MA BELL

Telecommunications giant AT&T’s old, nostalgic name. Originally called Ma Bell because it was the primary service provider of telephone services and seen as the mother of the industry. The company adapted to

MACRO RATING

Superseded by CAMELS rating since 1994. Older evaluation-soundness measure of a bank. Management, asset quality, capital adequacy, risk-management, and operating results are evaluated.

MAIL ORDER/TELEPHONE ORDER (MOTO) DISCOUNT RATE

When the actual card is unavailable to the merchant, the merchant’s account provider charges a handling fee for credit card transactions. By-mail, by-phone, or by-Internet orders are that situation. Due to the

MAJOR HOSPITALIZATION POLICY

Only covers expenses from the time the insured is hospitalized is a policy that is essentially the same as major medical insurance.

MALL INTERCEPT

Asking questions of shoppers in a mall will take place for the purpose of marketing research conducted as one type of interviewing.

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