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

Category: M

MARINE INTEREST

When money is loaned on hypothecation on bottomry bonds, this higher-than-market interest rate covers the use and risk of the loan.

MARKET ECOLOGY

An entity’s plans, policies, and strategies collectively impacted by Cultural, economic, political, social, and technological environments.

MARKETER

On behalf of a company, one accountable to identify consumer needs and match them to the goods and services available, selling these goods and services . Also refer to advertiser.

MARTENSITE

Named after the German metallurgist Adolf Martens (1850-1914). A crystal having a characteristic body-centered tetragonal crystalline structure, formed via displacive transformation, typically steel or another mineral. Also refer to Austenite.

MASTER BUDGET

A singular budget for rolling up and summarizing all of the organization’s integrated, individual budgets.

MASTERS OF BUSINESS ADMINISTRATION (MBA)

Students who successfully graduate from their college or university’s MBA program earn this particular advanced college degree. Traditionally a student will have already received a Bachelors degree in some area of study,

MATERIEL

For a project, operation, organization, or undertaking, this is all of the required apparatus, equipment, parts, and supplies, separate from the personnel.

MATURITY AMOUNT

On the date of its encashment or redemption, including accrued earnings, an investment’s value.

MAXIMUM DISABILITY POLICY

With stated limits for each claim allowing multiple claims for multiple different disabilities, this is a specific type of disability income insurance.

MEAN

The average of values or quantities. Known also as simple average or arithmetic average. Compute an average as the sum of all value amounts divided by the number of values tallied. For

MEDIA BROKER

Demographic, psychographic, and other factors as grouping characteristics on websites for internet advertisers this type of firm services.

MEDICARE

For those who qualify, paying hospital and other health care costs through this specific government run and funded plan. Usually, people older than 65 qualify. Part A, providing compulsory hospital benefits, and

MEMO BILL OF LADING (B/L)

Serving only as a receipt for cargo that does not show freight amount, this is a specific type of abridged B/L form.

METAL

Chemical element characterized (1) as a good heat and electricity conductor, (2) as opaque but when polished reflects light very well, (3) as malleable, (4) as processable into wires, (5) as sonorous

METRICATION

Generally known as the metric system, this is the introduction of the International Standard (SI) measurements system. Conversion to it can improve a nation’s prospects for international trade and investment. With the

MICROCOMPUTER

Consists of one or more microprocessors, stored program memory known as read-only-memory or ROM, random-access-memory (RAM), input/output logic, and usually one or more data input devices such as keyboard, mice, or stylus,

MICROORGANISM

Visible under a microscope, this type of living organism is too small to be seen with naked eye. Also known as microbe.

MIDDLE-OF-THE-ROAD

An expression typically meaning that this entity is taking no extremes in its strategies. It also refers to entities that target customers in the median income and spending tendencies range. The focus

MILK RUN

In the past, it meant an easy, simple delivery schedule. In current terms, it is a delivery method for different suppliers and mixed loads together. This method is from the dairy industry

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.