The Law Dictionary

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

Category: M

MARKETING STRATEGY

An organization’s marketing goals integrated into a cohesive whole that is this type of strategy. The marketing strategy is part of a larger marketing plan. The strategy focuses on the ideal product

MARQUEE ASSET

An entity’s most appealing asset as it typically is worth the most or is the biggest contribution to the entity’s overall bottom line. A marquee asset is also known as a trophy

MASSAGING THE FIGURES

Falling just short of outright fraud by giving a misleading impression of a firm’s financial position in the processing and presenting of the firm’s accounting data in this type of questionable manner.

MASTER SERVANT RULE

Vicarious liability rule in agency law. A principal or employer is responsible and accountable for any negligent acts of the agent or employee. Even when the agent’s specific acts were unknown to

MATERIAL MAN

Provider of construction or renovation project materials. A mechanic’s lien from the property owner or builder guaranteeing payment for the materials is typically given to the material man.

MATE’S RECEIPT

an officer of a vessel signs this type of document making a receipt that is evidence of a shipment onboard the vessel. It is not a title document and acts as an

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

MEASURES OF CENTRAL TENDENCY

A measurement of data values that identifies the middle value of the information. The mean, the median, and the mode are the three common measures of central tendency.

MEDIA RATE

1. In Advertising, billboards, online ads, newspaper inserts, and the like as different types of advertising media that have this specific type of standard rates. 2. In the U.S. Mail, books, films

MEETING OF MINDS

Under the older early 19th century subjective theory of contract, mutual accord between the parties to a contract requires manifestation. Only evidence of expressed or implied consent is needed to meet the

MEMORANDUM OF SATISFACTION

Payment in full of all owed sums for the mortgage on an asset or property has been discharged as satisfied by the lender’s written statement.

MERCHANDISE CONTROL

Merchandise handling diary’s record maintenance process. Every action involved in handling merchandise is recorded. Sales, costs, profits and turnover are all handling activities recorded.

MERCURY

Elemental heavy metal. Is a liquid at normal temperature. It is also a systemic poison focused on brain, bowels, kidneys, then other body organs. Its maximum allowable concentration is 0.05 parts per

METABOLISM

Essential to life and well being within a living organism chemical and physical processes that are continually occurring together make up this specific activity. Various enzymes work on complex food substances to

MICROCAP

In the US, an entity under 250 million dollar capitalization. This is less than small capitalization firms.

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