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

Category: M

MISSING SPECIFICATIONS

If a buyer fails to supply specifications as required a vendor has this specific situation that allows inserting its own.

MIXED JURY

Panel of jurors made up of both genders as well as different ethnic groups.

MODEL OF THE WORLD

Concepts about how the world works, or environmental data stored in a machine’s memory, that guide a person or machine in its interactions with its surroundings. Also refer to mental models.

MOLASSES

Repeated centrifuging in crystalline sugar manufacturing of concentrated and clarified cane or beet juice leaves this heavenly, heavy, viscous liquid after the removal of sucrose from the mother liquor. The final molasses,

MONEYER

A person contracted by a government to physically make money out of a precious metal by striking a coin or printing currency. Another term for a banker.

MONSTER EMPLOYMENT INDEX

Monster Worldwide Inc. generates this specific type of monthly analysis report detailing demand for online jobs in the US. It uses information taken from most online job boards. Job market and economic

MORGAN STANLEY

Morgan Stanley was founded in 1935 by Henry S. Morgan and Harold Stanley. In 2008, the company converted from an investment bank to a bank holding company during a global credit crisis.

MORTGAGE INTEREST

Mortgage interest paid is tax deductible. Monies paid above principal for providing the loan to purchase the borrower’s home. Paid by a home mortgage borrower to the mortgage lender.

MOTIVE

1. In Law, this is why one committed the crime, the inducement, reason, or willful desire and purpose behind the commission of an offense. Whether the purpose was good, like helping someone

MULLEN BURST TEST

Measures the pressure needed to perforate a single paper sheet or paperboard to indicate its load carrying capacity under specific conditions. It has only limited reliability for double-walled, or two-ply corrugated sheets,

MULTI-DISCIPLINARY

Different disciplines with multiple specialists cover this specific type of treatment.

MULTITASK

1. In General, this is the ability to execute or complete multiple tasks simultaneously by one individual. 2. In Computers, this is a computer’s ability to allow a single user to run

MUTUALIZATION

Retiring the purchased stock of an insurer. Converting a stock insurer to a mutual insurer is done this way.

MACAULAY DURATION

In 1938 US academic Frederick Macaulay defined this tool. A fixed-income financial instrument’s approximate measure of its price volatility and interest rate-sensitivity. An interest bearing bond is an instrument example. Calculated as

MACROECONOMIC CONDITIONS

National or state-level economic factors. These influence the whole aggregated economy. Changes in employment levels, gross national product (GNP), and prices, be it deflation or inflation, are typical influences.

MAILING LIST

Listed physical mailing addresses. Names, phone numbers, household income levels, and geographical location are typical data elements on the list. Used to send advertisements and relevant information to listed individuals. A company

MAJOR MARKET INDEX

Trading in options and futures is based on an index such as this. 20 blue-chip stocks comprise such a US stockmarket index. 17 of these blue-chip are also in the Dow Jones

MALNUTRITION

An insufficient, poor, sub-nutritional diet or an excessive, rich but unbalanced diet tied to a lack of calories and/or essential minerals, proteins, vitamins, manifests as a diseased state of kwashiorkor, marasmus, oedema,

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