The Law Dictionary

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

Category: M

MULTIEMPLOYER PLAN

A collective bargaining agreement requires more than one employer to contribute or develop this specific type of plan.

MULTINATIONAL CORPORATION (MNC)

An entity managed from one home country and in business in several countries. A company or group is considered a multinational corporation if deriving 25% of revenue from out-of-home-country operations.

MULTIPLE OPTION PLAN

An HMO, PPO, or a major health plan are employee choices under this specific type of plan.

MULTISTATE TAX COMMISSION

A tax agency working with multi-state / multi-national businesses to assist with any tax-related questions or concerns. he appropriate entities are insured that proper taxes are paid on-time.

MUTAGEN

Causes permanent genetic change, a mutation, in a cell due to genetic alterations or gene loss or chromosome loss. Cancer development is just one ending in an event-sequence in the early stages

MUTUAL SOCIETY

A building society or friendly society are examples of this type of member-owned organization managed for their benefit.

M3

An M2 option plus large time deposits and repurchase agreements.

MACRO RATING

Superseded by CAMELS rating since 1994. Older evaluation-soundness measure of a bank. Management, asset quality, capital adequacy, risk-management, and operating results are evaluated.

MAIL ORDER/TELEPHONE ORDER (MOTO) DISCOUNT RATE

When the actual card is unavailable to the merchant, the merchant’s account provider charges a handling fee for credit card transactions. By-mail, by-phone, or by-Internet orders are that situation. Due to the

MAINTENANCE FEE

Homeowner’s associations’ monthly charge residents pay to maintain and mend common residential property components

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

MALE CHAUVINISM

Male-over-female superiority in the workplace as an unsubstantiated belief. Female employees fight those who disparage, denigrate or otherwise humiliate by this practice and belief.

MANAGED CURRENCY

exchange rate maintained at a certain level by the government’s intervention through the country’s central bank and not determined by the freemarket forces of demand and supply is indicative of this type

MANAGEMENT BY FACT

Information to make decisions affecting their work is collected by each employee as a key element of total quality management (TQM).

MANAGEMENT PREROGATIVE

Exercising its discretion in certain areas without discussions with or the agreement of a union as an employer’s or management’s unqualified authority. The rights to (1) assign and direct workforce, (2) discipline

MANDATORY BARGAINING ISSUE

Constraining mandate on an employer for this matter of contention. If the issue pertains to wages, working hours, or terms and conditions of employment, and the like, an employer is legally prevented

MANPOWER PLANNING

Details over time or for a project the different skills required. Also, details how to get them and when to get them. Personnel resource estimating or projecting.

MANUFACTURING CELL

Production and performance quality expressed in designs tied to a production plant’s outlay.

MANUSCRIPT POLICY

coverage or conditions not included in a standard policy are specifically written into this policy. To comply with state laws, a larger brokerage for a larger account will prepare this type of

MARGINAL BENEFIT

All other factors remaining constant, an activity’s overall benefit increase caused by a unit increase in the level of that activity. Also known as marginal utility.

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.