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

Category: M

MILKING STRATEGY

Short-term revenue generation strategy. Used by investors to boost stock prices or company revenues and generate profits quickly. It is given a higher priority than longer term concerns: brand development; stability of

MINI

Insurance that only covers one line of risk.

MINIMUM QUOTE SIZE

To be displayed and, therefore, traded on the London Stock Exchange’s stock exchange automated quotation system (SEAQ), this specific type of minimum share count is what market-makers must show. NASDAQ. an American

MINT RATIO

This specific ratio is a comparison of the gold ounce price to the silver ounce price.

MIST

Air or gaseous medium suspending this type of fine droplets of liquid.

MOBILE

1. Able to move. Capable of movement. 2. Cellular or mobile phone in today’s slang. 3. An arranged, balanced free-moving object. An example is a crib mobile that moves dangling toys.

MODIFIED DURATION

Macaulay duration adjusted for compounding. Fixed-income financial instrument’s price volatility and interest rate sensitivity measure. Like an interest bearing bond, the instrument’s value-percentage change for each percentage point change in prevailing interest

MONOCHROME

When a black print is made on white paper. Single color known as ‘black and white’ .

MORAL HAZARD

In common usage, moral hazard infers a conscious malicious, even illegal, motivation, versus an unconscious behavior change. Circumstance that increases the likelihood of a loss, or abnormal loss. Typically due to a

MORTALITY COST

Mortality-table based cost calculated in life insurance policies. The policy’s face amount times the mortality likelihood, the chance that the policy will be paid out as a claim when the insured dies

MORTGAGE MODIFICATION

Mortgage borrower relief option to alter mortgage contract terms. Primarily for borrowers unable to make the mortgage payments under original mortgage contract terms. Refinancing or extending loan terms to reduce the monthly

MOVE-IN READY

State of a house or property ready for immediate occupancy. In this condition a property must meet all city or governing municipality requirements as a habitable dwelling. Operable plumbing, electricity, locking doors

MULTIBUYER

An entity that appears on multiple customer lists from buying from more than one other person or company. This applies to the insurance industry as a policy type limiting the credit risk

MULTIFUNCTIONAL 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.

MULTIPLE EMPLOYER TRUST

A trust made by many small employers in the same industry. Purchasing lower-cost group insurance or setting up a self-funded plan are reasons for this type of trust.

MACHINE INSTRUCTION

A program’s operation commands. Usually a compiled machine-native code. Also known as machine code. A computer, robot, or computer-driven machine recognizes these and executes them.

MADRID AGREEMENT

International agreement for a single application to World Intellectual Property Organization (WIPO) sufficing to register a mark in all member countries and register service and trade marks under it.

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