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

Category: M

MINIMUM RECOMMENDED SAMPLE SIZE

Sampling process requires this specific count as the smallest verification entities sample size. Sample characteristics are usually based on batch, lot, population, or universe. This is to ensure that any variation is

MINUTE BOOK

Compilation of meeting minutes retained in a binder or bound book for permanency. These are the detailed record of discussion and decisions at a firm’s official meetings. Typically this book is accessible

MISTAKE OF FACT

A legal obligation does not occur because a fact that exists or that does not exist is forgotten, or ignored. If a mistake of fact occurs in court proceedings, the erring court

MOBILE OFFICE

A temporary office with limited purpose. Typically part of moveable, temporary buildings. Establishes a business environment outside of the physical confines of the office space. Also describes an office purely virtual by

MOMENTUM INVESTOR

On the basis of increases and declines as trading momentum for a given security making buy-and-sell decisions at least in part by this type of investor .

MORAL OBLIGATION DEBT

Carrying both a higher risk and a higher yield as it is not secured by the issuer to its full amount, a local, state, or federal government carries this type of bond

MORTALITY RATE

Likelihood that a person will die, belonging to a specific group, categorized by age, occupation, or some other factor. In setting life insurance premium rates, mortality rate is a basic factors used.

MORTGAGE PROTECTION

Optional insurance coverage in case a home buyer becomes financially unable to continue making mortgage payments. The lender or borrower may purchase this to cover mortgage payments.

MP3 (MPEG LAYER 3)

Digital audio compression and playback standard able to fit 150 songs requiring 7.5 gigabytes or more of storage space on a single CD with very little loss in sound quality. Compression can

MULTICASTING

A single device communicates with two or more devices with a single transmission in this transmission method. A multicast message is transmitted only to one or more selected devices. In contrast, broadcasting

MULTIPLE INDEMNITY

Benefits provided by a specific policy will be multiplied by a specific percentage stated in the type of clause. A peril happening in a certain way might be double indemnity in a

MULTIPLE WORKSITE REPORT (MWR)

Companies that have employees at multiple locations in a particular state submit this specific type of employment and wage report. States use these reports to identify that federal funds allocations across different

MUNIMENTS OF TITLE

A particular piece of property or other asset has proven ownership by these specific types of documents. Stock or bond certificates, a title to a car, a deed to a house or

MACHINE READABLE

Data or instructions readable through a computer’s electronic device. This input is ready for interpretation and manipulation. Bar codes, magnetic ink, or disk are sources of this data or instructions. Laser scanners,

MAGNETIC STRIPE

A narrow rectangular magnetic strip. Bank cards, credit cards, and the like carry one on the back. Information retained on a magnetic stripe can be damaged or wiped out by a strong

MAINTENANCE MANAGEMENT

scheduled maintenance operations for assessing and planning administrative, financial, and technical framework tasks.

MAKE-GOOD

Rerunning the corrected ad or correctly timed commercial as a promise to ‘make an error good’ by a medium. Newspaper, magazine, radio or TV station as an advertising medium gives an advertiser

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