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

Category: M

MARGINAL PROPERTY

Usable, yet barely profitable, parcel of land or some other concrete entity. When a property fails to return a tangible profit, yet is efficiently used and is a key production process asset,

MARITAL DEDUCTION TRUST

Vehicle type that minimizes Federal estate taxes, giving the surviving spouse unlimited family assets access.

MARKET FACTOR

the demand for or the price of a good or service affected by some external variable.

MARKET-FOCUSED ORGANIZATION

Instead of organizational demands, market conditions drive this type of organization’s conduct and operations. Donor requirements drive a charity to develop funding allocations, as an example.

MARTENSITIC STAINLESS STEELS

Steels that contain very little nickel or other alloying metal, yet a high amount of chromium. Heat treatment of these steels hardens them and makes them stronger but also more brittle. they

MASTER DATA MANAGEMENT (MDM)

The processes, people, strategies, and technologies used to build and manage a complete master data system that gives a business its process. MDM solutions give full views of customers, vendors, equipment, materials,

MATERNITY RIGHTS

Pregnant workers’ statutory rights: (1) pre-delivery antenatal examinations as paid time-off, (2) typically 14 weeks of material leave, (3) employment contract preservation during maternity leave, (4) normal sickpay rate payment during maternity

MATURITY DATE

A contractual agreement, financial instrument, guaranty, insurance policy, loan, or offer is due for settlement on this specific date. Also known as redemption date for investments. Is also a synonym for settlement

MAXIMUM EXPOSURE LIMIT (MEL)

Highest allowable chemical-concentration in a period-limited worker exposure. Some chemicals have short reference periods. MEL is usually expressed for an 8-hour reference period in parts-per-million (ppm).

MEDIA RATE

1. In Advertising, billboards, online ads, newspaper inserts, and the like as different types of advertising media that have this specific type of standard rates. 2. In the U.S. Mail, books, films

MEDICARE

For those who qualify, paying hospital and other health care costs through this specific government run and funded plan. Usually, people older than 65 qualify. Part A, providing compulsory hospital benefits, and

MEMO BILL OF LADING (B/L)

Serving only as a receipt for cargo that does not show freight amount, this is a specific type of abridged B/L form.

METAL

Chemical element characterized (1) as a good heat and electricity conductor, (2) as opaque but when polished reflects light very well, (3) as malleable, (4) as processable into wires, (5) as sonorous

METRICATION

Generally known as the metric system, this is the introduction of the International Standard (SI) measurements system. Conversion to it can improve a nation’s prospects for international trade and investment. With the

MICROCOMPUTER

Consists of one or more microprocessors, stored program memory known as read-only-memory or ROM, random-access-memory (RAM), input/output logic, and usually one or more data input devices such as keyboard, mice, or stylus,

MICROORGANISM

Visible under a microscope, this type of living organism is too small to be seen with naked eye. Also known as microbe.

MIDDLE-OF-THE-ROAD

An expression typically meaning that this entity is taking no extremes in its strategies. It also refers to entities that target customers in the median income and spending tendencies range. The focus

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