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

Category: M

MONEYNESS

The amount of intrinsic value an asset has.

MORNING LOAN

Repaid the same trading day to purchase securities pending delivery, this is a specific type of bank loan to a stock broker. Also known as day loan.

MOTOR

1. Conversion device making mechanical energy or imparting motion from electrical or other energy. 2. Muscular movement concerns or involvement.

MULTI CHANNEL MARKETING

Using several varied marketing schemes to obtain consumer business. Web sites, catalogs, telephone calls, mail, and television advertisements are typical, modern schemes. This marketing approach requires good management systems in the supply

MULTIDISCIPLINARY TEAM

The achievement of the organization’s specific objectives occurs due to members with varied but complimentary experience, qualifications, and skills gathered together as this specific type of group. Also refer to multifunctional team.

MULTINATIONAL CORPORATION (MNC)

An entity managed from one home country and in business in several countries. A company or group is considered a multinational corporation if deriving 25% of revenue from out-of-home-country operations.

MULTIVARIATE ANALYSIS

Statistical data analysis procedure involving more than one measurement or observation type. More than one dependent variable is analyzed simultaneously with other variables as a problem is solved.

MUTUALLY EXCLUSIVE

Logically condition where only one choice can be made, thereby excluding all other choices.

MACHINE BUREAUCRACY

Typical in large, established organizations that have formalization and specialization at a high degree. Top level making decisions, lower levels mechanically carrying then out is this type of management structure.

MACROECONOMICS

A subject of study. Macro is the behavior of entire, aggregated economies or economic systems. In contrast, Micro is the behavior of individuals, individual firms, or more local markets. National income forecasting,

MAIN STREET

1. Descriptive term for the average working middle-class American. 2. Typically a city or town’s primary street.

MAJOR VIOLATION

In auto insurance, this is an event that could lead to jail-time and/or severe penalties: driving under the influence of alcohol, driving with a revoked or suspended license, an unlicensed driver driving

MALPRACTICE LIABILITY INSURANCE

Insurance coverage for a doctor, surgeon, psychiatrist, psychologist, nurse, a hospital, other medical/healthcare professional or institution if guilty of dereliction of duty due to negligence or incompetence. Pays for the defense of

MANAGEMENT RISK

Potential risk tied to company managers’ decisions made in the interest of shareholders and the company at large. Poor decisions or self-serving decisions made by management will potentially destroy shareholder wealth.

MAN-MONTH

A 4-week period of one person’s productive effort represented as a unit of work. Also known as labor month.

MANUFACTURING SECTOR

Industries making chemical, mechanical, physical material transformations, substances, and components into consumer and industrial goods. This is known to be an uncoordinated and highly competitive collection of industries.

MARGINAL COST OF PRODUCTION

Production’s total costs change due to making or producing a single additional item. This cost helps to isolate an optimum production level and to determine the point a company achieves economies of

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