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

Category: M

MILESTONE

1. In General, this is a major sub-objectives or stage for world performance monitoring and measuring. Typically part of the division of a program or project. 2. In Project management, this is

MIND MAPPING

Connections between several ideas or pieces of information become visualized by using this specific type of graphical technique. A web of relationships evolves as each idea or fact captured traces to its

MINIMUM INVENTORY

To avoid depleting the safety stock a replenishment order should be placed at a preset point in the stock control system as this specific type of control limit .

MINORITY SHAREHOLDER

Equity holder with less than 50% ownership of the firm’s equity capital and having no vote in the control of the firm.

MISSION CRITICAL

The failure of business operations is the outcome of a failure or disruption in normal business hours of this specific type of activity, device, service, or system. Some examples: for an online

MIXED SIGNALS

A confusing message made uncertain by serving to multiple interpretations at the same time. An example is all indications being positive for business growth, yet profits continue to decline. Another example is

MODEL UNIT

A portfolio, business deal, housing unit, or other product built as an example version and used to show a pattern, configuration, and/or future products of the same nature, look-and-feel. This unit is

MOM AND POP INVESTORS

Typically inexperienced or small-sum Investors who invest minimally. They do not invest any large sums, not expecting to supplement their income from stock proceeds.

MONITIZATION

Increasing the economy’s money supply by the central bank’s purchase of a security issue as a conversion of a government’s debt security issue into cash.

MOODY’S INVESTORS SERVICE

Along with Standard & Poor’s as a best known bond rating agency providing investment information through a financial analysis publication. Corporate securities, debt obligations, municipal short-term issues, treasury bills, and government agency

MORNING NOTES

Financial news given in the morning meetings as it happened the night before.

MORTGAGE LENDER

Borrowers seeking to buy a home use this money-source entity for loans.

MOTOR FREIGHT

Truck-transported commercial, manufacturing, governmental, or residential goods to their destination, be it a retail outlet or to an individual customer. This excludes rail or air transport.

MULTI FIBER AGREEMENT (MFA)

Two countries may negotiate quota restrictions on textile and apparel imports from each other under this specific international trade agreement. Under World Trade Organization (WTO) rules, MFA restrictions are prohibited and required

MULTIEMPLOYER BARGAINING

Various small to medium employers negotiate with labor unions. Employer and union representatives bargain together. Pay, employee benefits, and other employer and employee relationship topics are discussed and cooperatively resolved.

MULTINATIONAL RESTRUCTURING

Shared agreement regarding the assets and/or liabilities terms as specific types of changes to multinational corporation’s terms. Debt consolidation, organization changes in size or scale or operations can be a reason for

MULTIPLE RETIREMENT AGES

An employee’s retirement age, receiving benefits, either full or reduced. Three types exist: normal, early, and deferred. Normal retirement is the usual time an employee is allowed to retire and receive full

MULTIVARIATE DATA

Based on the variables types collected and used by financial analysts, profits, cash flow, risk, and even new product ideas are analyzed and estimated. The analysis of this data as statistics typically

MYERS-BRIGGS PERSONALITY TYPE INDICATOR

Classifying personalities into four categories by personality typing. This test uses independent orthogonal types or scales: (1) Extroversion (E) vs. Introversion (I), (2) Sensing (S) vs. intuition (N), (3) Thinking (T) vs.

MACHINE CONTROLLED TIME

No intervention by an operator is typical of total machine control of the machine’s work cycle segment.

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