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

Category: M

MILLIGRAM

Equals about 0.015 grains or one-thousandth of a gram.

MINIMUM-VARIANCE PORTFOLIO

When pooled together assets that are considered risky on an individual basis attain a much lower level of risk, given the anticipated return in this specific type of well diversified portfolio.

MISCELLANEOUS EXPENSE

1. Costs of a lower monetary value, like meals or ticket prices, that are grouped together on a balance sheet. 2. An additional charge often incurred during a hospital stay, like a

MIXED ECONOMY

Private enterprise and some state monopoly coexist in this type of economic system. Public services, defense, infrastructure, and basic industries are some of these state monopolies. The means of production are shared

MODE OF PAYMENT

1. The way a buyer will pay: cash, check, or credit card. 2. How often a part of a debt is paid: monthly, quarterly, or annually.

MODULATION

Electrical signal change process. Carrying information contained in a signal by superimposing the signal’s characteristics onto a carrier wave is an example. Also refer to amplitude modulation and frequency modulation.

MONEY MARKET CERTIFICATE (MMC)

The issuing financial institution pays an interest rate on this specific type of US certificate of deposit (CD), non-negotiable, minimum original 7-day maturity, minimum denomination of $2,500.

MONOPOLY POWER

On the basis of its market share a supplier has a limited degree of price setting power.

MORATORIUM

Delay in performing an obligation or taking an action legally authorized or simply agreed to be temporary.

MORTGAGE CORRESPONDENT

A person servicing a loan for a fee for someone else. A mortgage banker differs because the banker originates, sells, and services the mortgage loan. A mortgage broker differs by not originating

MOST FAVORED CUSTOMER

Supply contract’s price protection clause that states the seller must offer the same price to all customers including the contracting customer.

MUCKRAKER

An entity intentionally seeking and publishing a public entity’s misdeeds, criminal acts, and corruption for profit or gain. Sometimes linked to powerful businessmen, muckraker is typically given specifically to journalists.

MULTICULTURALISM

Cultural, ethnic, linguistic, and religious differences having legal, political, and social recognition willingly promoted by celebrating human diversity.

MULTILATERAL TRADE NEGOTIATIONS (MTN)

since 1947, eight cycles of multinational bargaining have been held under GATT (now WTO). As a continuation of the Uruguay round, the latest MTN was held during 1986-93 in Geneva.

MULTIPLE LOCATION RATING PLAN

Commercial clients who operate from more than one location often have this type of plan. The number of locations are the basis of credits offered. The multiple locations are a reduced hazard

MULTI-SEGMENT MARKETING

A company advertises with different hooks, trying to get customers from different markets to buy the same product for the same uses. This can be a costly marketing strategy. Known also as

MUTUAL ASSOCIATION

Owned by its depositors and sometimes borrowers, who are referred to as members in a saving and loan association. The members elect directors to its board of trustees. Members have no direct

M3

An M2 option plus large time deposits and repurchase agreements.

MACRO MARKETING

National, societal-based perspective-study of broad marketing activities, institutions, and processes. Starting at an economy’s aggregate goods and services flow, it determines social benefits as resource consumption and environmental effects.

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.