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

Category: M

MARKET NEUTRAL STRATEGY

Securities investing strategy that leaves the portfolio’s yield largely unaffected by the market’s systemic risk. The investor assembles a grouping of long and short trading positions into a portfolio of equity and

MARKETING THEME

Having maximum appeal to a targeted market segment as leverage in a central marketing idea or message, or a product benefit or feature.

MARXIST

A follower of the Marxism ideology and its principles.

MASTER LABOR AGREEMENT

an entire industry obligated to this type of labor contract. The trucking industry is an example. A local level supplemental agreement can augment such a master labor agreement.

MATERIAL ALTERATION

Significant changes, as additions to and/or deletions from text in a legal sense or effect to a legal instrument, such as a contract, deed, will, or the like. Such changes may invalidate

MATHEMATICAL PROGRAMMING

To choose the best alternative from a set of available options one can use this type of computer program. Probability and mathematical models are used to predict future events. Used in investing

MATURITY MATCHING

In asset management, this is on organization’s synchronization of cash inflows with cash outflows. Maturity of income-producing assets and debt maturity of interest incurring liabilities are matched.

MAXIMUM LIKELIHOOD CRITERION

Under conditions of uncertainty this is a decision making rule in decision theory. It states that the decision maker Ignoring all possible events save the one most likely to occur that produces

MEAN REVERSION

The trend of interest rates that affect the long term returns of an investment.

MEDICAID

With funding from the federal government and administered by the individual states, this is a specific health care program. To have medical expenses paid, certain guidelines, including income requirements, are met to

MEDIUM OF EXCHANGE

As a measure and standard of value in commercial transactions between buyers and sellers, these specific types of commodity, currency, or a financial instrument are used. Its ability to be used as

MEMORANDUM OF AGREEMENT

Draft agreement to set mutual responsibilities and scope of association. Also refer to memorandum of understanding.

MERCHANT’S PRIVILEGE

Merchant’s right to detain an individual suspected of stealing the merchant’s property. Rules governing an individual’s detention vary from state to state. A merchant may not search the suspected thief, but can

METAPLAN

A system for gathering and arranging ideas, information, or data in a collaboration group environment. A manual metaplan strategy usually begins with collecting the data on cards, then using shared criteria to

METROPOLITAN STATISTICAL AREA (MSA)

For the purposes of census data and other urban population calculations the United States Office of Management and Budget determines these specific types of geographical divisions. Primarily based on urban areas, the

MICROENGINEERING

Molecular level machines and structures fabrication. Microengineered pumps and motors potentially can mimic the processes found in living organisms and are barely visible to the naked eye. Also known as nanotechnology.

MICRO-PROFITS

A specific type of business model generates these specific types of extremely low-valued profits. Revenues can come from a high transaction frequency of low-value transactions in these business models. Profits that are

MIDPOINT

In General, half of the distribution is above the mean and half is below at this point on a continuum.

MILL RATE

Equates to one dollar of assessed property value. Property values that are paid per dollar of the assessed value of that property. A tax figure used in assessing real estate.

MINI TAIL

After a claims made policy has expired, a 60-day extension that was added to a policy’s reporting time frame becomes this automatic extension allowing the insured to make claims until extension expiration.

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