The Law Dictionary

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

Category: M

MEDICAL INFORMATION BUREAU

the health conditions of individuals who have been insured in the past are kept as coded information by this specific bureau. To get all possible information on prospective insureds, life and health

MEETING RATE

to attend a meeting, guests staying together, the offering of this type of special room rate.

MEMORANDUM OF TARIFF

From the official tariff of a carrier, the information extracted is this specific summary of rules and rate.

MERE EXPOSURE EFFECT

A person’s psychological tendency to prefer a previously encountered option versus a totally unfamiliar option never encountered, regardless how brief the 1st option’s prior exposure was. In marketing, the Mere Exposure Effect

META-CRAFTSMANSHIP

Customer service, leadership, management, quality improvement, and re-engineering efforts share concepts tied together in this specific unifying term.

MICROCAP FUND

Mutual fund that invests primarily in equity securities of microcap firms. Microcap stocks and shares typically have exceptional growth potential, yet are highly volatile in their market value. A microcap has market

MICROINCH

One-millionth (1/10x10x10x10x10x10) of an inch.

MIDCAREER PLATEAU

In a management professional’s career progression, this is specific type of period characterized by few promotions. A mid-career plateau often signals additional training or education is necessary. From middle management to upper

MILEAGE ALLOWANCE

Monies reimbursed to a person when using a personal vehicle for business purposes. People are often provided a mileage allowance when working in outside sales as part of their overall compensation. A

MILLIMETER

Equals 1/10th of a centimeter, one-thousandth of a meter, or about 0.04 inch, where 1 inch equals 25.4 millimeters.

MINIMUM-VARIANCE FRONTIER

According to Markowitz’s Modern Portfolio Theory, this is the minimum stock volatility within any given portfolio. In theory, a well-balanced portfolio is sufficiently diversified that one particular stock’s risk will be offset

MISCELLANEOUS BENEFITS

While the insured receives treatment as an inpatient these benefits cover most medical costs incurred. Typically excludes surgical costs or room and board. These benefits are usually provided by a group health

MISUSE

A good, substance, privilege, or right used improperly, unforeseeably, or not as intended.

MODE OF TRANSPORT

Shipment movement method from point ‘A’ to point ‘B’: air, rail, road, or sea.

MOLYBDENUM (MO)

To increase steel’s resistance to corrosion in making high speed steels or stainless steel, this metal is added to iron.

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