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

Category: M

MILLIARD

Equals 1,000,000,000 (billion). Term is used primarily in Europe. Equivalent to one thousand million, or 1000 x 1,000,000.

MINIMUM WEIGHT

A freight rate scale’s starting point. No matter how small or light, this is the minimum weight used by the carrier to calculate shipment payment.

MOCKUP

For testing or training purposes, building of this specific type of scaled or full-size replica or model.

MODULARITY

Relatively independent but interlocking components or parts mark how much is a system modularized as a degree.

MONETARY SYSTEM

A mint, central bank, and commercial banks as this type of a set of mechanisms by which a government provides money as cash to a country’s economy.

MONOPOLISTIC COMPETITION

Perfect competition and monopoly meet halfway in this specific type of market situation. Displays features both. Several competitors offer products that are close but not perfect substitutes. Prices are at average cost

MORALE

Person’s psychological state expressed as a level or degree of self-confidence, enthusiasm, and/or loyalty to a cause or organization. Morale comes from people’s personal conviction about the worth of their actions, their

MORTGAGE BILL OF SALE

Signed document by a borrower-mortgagor giving a lender-mortgagee the right to claim and sell the collateral-mortgaged property a default on the loan agreement occurs. It is not an absolute sale, only a

MORTGAGE-BACKED REVENUE BOND

Local or municipality issued bonds to fund low interest rate mortgages. the mortgage payments pay back the mortgage-backed revenue bonds. Similar to mortgage backed securities. Each bond has its own short-term maturity

MSN

Acronym for Microsoft Network. The network includes Microsoft (MS) Corporation’s web-based programs and services. MS Windows users are able to sync their computer system with online services offered to centrally organize and

MULTICOLLINEARITY

Two different independent variables existing with a dependent variable have this type of measurement.

MULTILATERAL AGREEMENT

Three or more parties, agencies, or national governments agree with signatures. A bilateral agreement is only between two such parties.

MULTIPLE LISTING SERVICE (MLS)

A marketing organization of member brokers agree to co-own their listing agreements with each other to improve procuring more quickly than they could on their own ready, willing, and able buyers for

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

M1

demands on accounts such as circulating currency and deposits.

MACRO FORECAST

Broad, all-encompassing economic forecast covering employment and gross domestic product (GDP).

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