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

Category: M

MAXIMUM INVENTORY LEVEL

A never-to-be-exceeded inventory. One method of inventory control is calculating maximum inventory level.

MEAN MAINTENANCE TIME

Preventive maintenance time and corrective maintenance time is tallied together, then divided by the total preventive and corrective maintenance actions occurring over a year.

MEDICARE SELECT POLICY

Benefits to specific providers in-network are paid by Medicare through this specific type of supplement policy or certificate.

MEMORANDUM (MEMO)

As a means of communication, or to outline the terms of an agreement in its draft stage one uses this type of informal written brief, note, record, reminder, or summary.

MERCHANDISING SERVICE

Communications media service provided to advertisers. Advice on ad placement or demographic information about a medium’s market are a few examples of merchandizing service.

METAPHOR

Method of using two very different items to extend a word’s scope of a word, showing agreement to illustrate a point, or to correspond as an analogy in details between these two

METROLOGY

This is not Meteorology, the science of weather phenomenon. This is weights and measures as a science. The conformance to specification and technical requirements, and development of standards are assessed.

MICROECONOMIC TRENDS

Consumer, household, or firms’ income, savings, debt, and expenditure as economic factors in the patterns of movements or changes.

MICROPROCESSOR

On a single silicon chip, known as a microchip, sits the central processing unit. or CPU, that different programming instructions ‘soft wire’. A microprocessor becomes a microcomputer when interfaced with memory and

MIDMARKET

Typically having between fifty and one thousand employees, this specific type of business lies in the middle range between small businesses and large companies. Mid-market businesses often work under the same rules

MILL CONSTRUCTION

High standard and specification construction. Above-average structuring. These standards qualify for reduced rates on fire insurance on warehouse types of buildings.

MINI MILL

Scrap mixed with directly reduced iron (DRI) is used by this type of steel mill that makes metal not from the ore.

MINUS TICK

Selling a security at a lower price than the previous transaction of sale.

MISTAKE IN JUDGMENT

A court order or judgment recorded with a clerical or typographical mistake. A party to the case must apply to have the error corrected by the erring court.

MOBILE MONEY

Transfer funds between banks or accounts, deposit or withdraw funds, or pay bills by mobile phone. Purchase items, whether physical or electronic, by mobile phone.

MODIGLANI-MILLER HYPOTHESIS

Proposition that a firm’s capital cost is independent from the capital type employed in an efficient capital market. Debt, ordinary shares or common stock sold, retained dividend earnings, or any combination of

MOMENTUM INVESTING

High volume and rapidly rising or dropping prices make target stocks in this type of trading strategy.

MONOLINE

One particular branch of the financial industry is the sole focus of this type of financial company. It chooses one focus on one product to become very specialized in all the aspects

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.