Category: M

Delay in performing an obligation or taking an action legally authorized or simply agreed to be temporary.

A person servicing a loan for a fee for someone else. A mortgage banker differs because the banker originates, sells, and services the mortgage loan. A mortgage broker differs by not originating

Supply contract’s price protection clause that states the seller must offer the same price to all customers including the contracting customer.

An entity intentionally seeking and publishing a public entity’s misdeeds, criminal acts, and corruption for profit or gain. Sometimes linked to powerful businessmen, muckraker is typically given specifically to journalists.

Cultural, ethnic, linguistic, and religious differences having legal, political, and social recognition willingly promoted by celebrating human diversity.

since 1947, eight cycles of multinational bargaining have been held under GATT (now WTO). As a continuation of the Uruguay round, the latest MTN was held during 1986-93 in Geneva.

Commercial clients who operate from more than one location often have this type of plan. The number of locations are the basis of credits offered. The multiple locations are a reduced hazard

A company advertises with different hooks, trying to get customers from different markets to buy the same product for the same uses. This can be a costly marketing strategy. Known also as

Owned by its depositors and sometimes borrowers, who are referred to as members in a saving and loan association. The members elect directors to its board of trustees. Members have no direct

An M1 option plus overnight agreements and deposits, savings accounts, and mutual funds.

An offset designed to use futures contracts to eliminate, reduce, or otherwise mitigate an entire entity’s portfolio-based economic risk. Also refer to micro hedge.

Sales method using some version of mailing to obtain the order. Generates inquiries and orders from advertisements in suitable media, including the Internet. Contrast to phone order. Buyers and sellers have no

The value of a local currency is measured and most of the world’s foreign transactions are denominated with one of the following major currencies: British Pound (GBP), Euro (EUR), Japanese Yen (JPY),

Proper, reasonable, and probable cause absent from legal proceedings initiated.

Objectives planned determine if results are worthwhile and contributing to an organization’s mission and goals in this process management style.

Complete disregard of case facts and the applicable rule or law as an indisputable error of judgment.

Each manufacturer that imports goods into the United States receives this unique identifying reference number. This number is used by U.S. Customs in its electronic monitoring systems. This number is not like

The process of identifying the benefits and costs of different alternatives. This is done by examining incremental effects on total revenue and total cost. These effects are caused by very small, single

With all other factors remaining constant, this is output taken by adding one more production factor unit, like a labor hour or a machine hour. Marginal product measures physical units produced. Contrast

An activity’s incremental cost as perceived by society. Adding marginal external cost and marginal private cost results in this value.