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

Category: M

METHODS-TIME MEASUREMENT (MTM)

in a production process with manual tasks, this is a specific way of establishing performance benchmarks. Methods-Time-Measurement uses statistics and research to assign durations to each physical movement involved in a task.

MICROBRIDGE

Rail-borne or truck-borne cargo transfers directly onto ships at this specific type of port facility. Also refer to landbridge.

MICROMANAGEMENT

Constant close, detailed, and often demotivating scrutiny of employees’ work.

MIDDLE CLASS

White-collar, non-manual workers, lower-level managers, and small business owners make up this specific type of social class. Holds about one-third of the country’s employed population. This class’s income is higher than the

MILES PER GALLON (MPG)

Automobile fuel consumption measure, ,mainly in the US. One MPG equals about 0.42 kilometers per liter. Kilometers is generally used in other countries.

MILLION INSTRUCTIONS PER SECOND (MIPS)

Program’s instructions execution rate. While executing a standard program, a computer does so with the computer’s processor clock speed at a measurable rate.

MINIMUM DEPOSIT POLICY

As soon as the first-year premiums are paid, the insured is able to borrow against this specific type of policy that carries a first-year loan value, which is unusual with life insurance

MINORITY DISCOUNT

Because a non-owner or minority owner cannot maintain or otherwise engage in the business’ operations, this specific type of discount is received by shareholders, company owners of less that 50% ownership, and

MISSING SPECIFICATIONS

If a buyer fails to supply specifications as required a vendor has this specific situation that allows inserting its own.

MIXED JURY

Panel of jurors made up of both genders as well as different ethnic groups.

MODEL OF THE WORLD

Concepts about how the world works, or environmental data stored in a machine’s memory, that guide a person or machine in its interactions with its surroundings. Also refer to mental models.

MOLASSES

Repeated centrifuging in crystalline sugar manufacturing of concentrated and clarified cane or beet juice leaves this heavenly, heavy, viscous liquid after the removal of sucrose from the mother liquor. The final molasses,

MONEYER

A person contracted by a government to physically make money out of a precious metal by striking a coin or printing currency. Another term for a banker.

MONSTER EMPLOYMENT INDEX

Monster Worldwide Inc. generates this specific type of monthly analysis report detailing demand for online jobs in the US. It uses information taken from most online job boards. Job market and economic

MORGAN STANLEY

Morgan Stanley was founded in 1935 by Henry S. Morgan and Harold Stanley. In 2008, the company converted from an investment bank to a bank holding company during a global credit crisis.

MORTGAGE INTEREST

Mortgage interest paid is tax deductible. Monies paid above principal for providing the loan to purchase the borrower’s home. Paid by a home mortgage borrower to the mortgage lender.

MOTIVE

1. In Law, this is why one committed the crime, the inducement, reason, or willful desire and purpose behind the commission of an offense. Whether the purpose was good, like helping someone

MULLEN BURST TEST

Measures the pressure needed to perforate a single paper sheet or paperboard to indicate its load carrying capacity under specific conditions. It has only limited reliability for double-walled, or two-ply corrugated sheets,

MULTI-DISCIPLINARY

Different disciplines with multiple specialists cover this specific type of treatment.

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