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

Category: M

MOORE’S LAW

Stated by Gordon Moore, a co-founder of computer chip maker Intel and its former chairman in 1965. Moore predicted that the transistor total on a given-sized silicon chip will double every 18

MORNINGSTAR

Investors use this investment research company’s products to improve portfolio and financial transaction management. Morningstar offers brokerage services for financial advisors and investors. Provides investors with software products and publications to help

MORTGAGE LIFE INSURANCE

In the event the borrower dies before paying off the mortgage, this term life insurance pays off the home mortgage balance. It is bought to protect the family from losing its home

MOTOR TRUCK CARGO POLICY-OWNERS FORM

Truck owner coverage against a loss of the trucker’s property while in use transporting cargo. Regardless of legally liability for the loss, this form also covers cargo loss or damage,

MULTIFAMILY HOUSING

To house several different families in separate housing units is the specific design for this type of building or structure. The entire building or structure may be owned by one person, a

MULTIPLE AWARD

Where the award of a single contract would be impractical or impossible, two or more bidders for the same item are awarded separate, partial contracts.

MULTIPLE SHOP

1. In Retail, This is often called a retail chain, a multi-locations retail shop with common ownership and management. Contrast to mom and pop store. 2. In a Union, and other negotiating

MULTIWALL

More than one layer or ply exists or comprises.

MYSTERIOUS DISAPPEARANCE

Unexplainable loss of assets in an event beyond occurrences like a robbery. This term gives broader coverage than specific everyday perils like robbery.

MACHINE CONTROLLED TIME

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

MACROPRUDENTIAL ANALYSIS

Financial system studied comprehensively. The nation’s banking industry is such a system. Overall system soundness and system vulnerabilities, as well as financial shock absorption capabilities are study components. The operational system’s regulatory

MAINSTREAM

Readily-available, products and services appealing to the general public. Contrast to a very selective subset of the public.

MALTHUSIAN LAW OF POPULATION

Theory that populations grow at a geometric rate while food supplies grow at an arithmetic rate. Seen as flawed as limited factors were observed in developing this Law. Ignores essential factors: technology,

MANAGER

An individual accountable for specific tasks, or specific company areas. A staff of people typically report up to this person.

MANPOWER

1. In General, this is the personnel available or engaged for a specific job or task, as a resource supply. 2. In Economics, this is the total labor force of a nation.

MANUFACTURING SYSTEM

Organized production. Assembly lines, batch production, and computer-integrated manufacturing are some of the many existing types of manufacturing systems.

MARGINAL COSTING

The basis for choosing which product to make or which process to use in this decision-making method, using marginal cost. Also known as incremental costing.

MARGINAL PROPENSITY TO SAVE

A small, disposable income’s change proportion potentially saved instead of being spent on consumption. Divide the amount saved by the causal disposable income change.

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