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

Category: M

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.

MADE TO ORDER

Specifically produced or prepared as the customer requested. Most fast-food purchases, burgers or sandwiches, are made to order. Cooked food, warm items, un-assembled final product awaits the customer’s actual order. Any special

MAINTENANCE BOND

a type of construction bond that guarantees against defective materials or craftsmanship. This bond is good for a specified amount of time after the finished work has been accepted.

MAKE A MARKET

Over the counter trading of a particular security by a dealer able, ready, and willing to buy and/or sell.

MALWARE

Unauthorized, destructive action designed from surreptitious invasion of a computer system by this type of software code. Refer to virus.

MANAGERIAL FINANCE

Financial methods assessed, judging affect on the business, internally and externally. Mainly a mixture between basic corporate financing and managerial. Involves changes to prevent loss. Considers how to improve financial methods to

MANPOWER PLANNING

Details over time or for a project the different skills required. Also, details how to get them and when to get them. Personnel resource estimating or projecting.

MANUSCRIPT POLICY

coverage or conditions not included in a standard policy are specifically written into this policy. To comply with state laws, a larger brokerage for a larger account will prepare this type of

MARGINAL EFFICIENCY OF CAPITAL

The last additional capital unit’s annual percentage return. the investment becomes viable at this represented market interest rate. Also known as marginal productivity of capital.

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.

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