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

Category: M

MAGNETIC TAPE

Plastic coated magnetic ribbon of ferric oxide material. Available in several standard widths, with half inch being the most common. Used mainly in cassettes for audio, video, and data storage, as a

MAJOR AIRLINE

more than one billion dollars in annual operating revenue earns an air carrier this US designation. American, Northwest, and United Airlines are so designated. Also known as major carrier.

MALICIOUS FALSEHOOD

Deliberate lying, making and Intentionally false statement simply to hurt another. Contrast to defamation. Malicious falsehood is damage to a person’s business reputation. Also known as injurious falsehood or trade libel.

MANAGEMENT BUY OUT (MBO)

Existing management’s purchase of a firm or one of its divisions generally occur when the parent firm wants to divest a subsidiary or the firm or its division is threatened with closure.

MAN-DAYS LOST

Accidents, lockouts, or strikes within a period of usually one year tallied into this type of to-date total working days. This tallied value times counted affected employees results in this.

MANUFACTURABILITY

Extent of relative ease, minimum cost, and maximum reliability in manufacturing a particular item.

MARGIN OF SAFETY

1. In Accounting, this is an amount in excess of a company’s breakeven point in sales revenue by actual sales revenue. A ratioed percentage. The bigger this margin, the less danger to

MARGINAL REVENUE

A firm’s gross revenue increase produced when one additional output unit is sold.

MARKET ATTRITION

In absence of effective promotion, customer brand-loyalty’s gradual erosion over time.

MARKET PENETRATION

1. The action of increasing an existing product’s market share or new product introduction to grab market share by volume discounts, advertising, lower prices, or bundling as a strategy. 2. Percentage of

MARKINGS

1. In Securities trading, this is the (1) price details recording of stock exchange security trading. (2) Official count of transactions as trades during an exchange’s trading hours. 2. In Shipping this

MASS CUSTOMIZATION

Personalized or custom-tailored goods or services produced to meet diverse and changing consumers’ needs, but at near mass-production prices. Computerization, internet, product modularization, and lean production each enables and hastens the portend

MASTER NOTE

A commercial contract offered to an investor with periodic investment instruments.

MATERIAL COST

Product production’s monetary investment. Things that incur material costs, for example, are the ingredients of a meal or the parts of a machine. The cost of labor to produce the product is

MATRIX ORGANIZATION

The horizontal flow of skills and information moves easily through this type of organizational structure. The management of large projects or product development processes uses this type of structure. Employees come from

MATURITY PERIOD

Completed, due, or paid up timebound item with this type of period.

MAXIMUM PRICE FLUCTUATION

Without triggering a trading halt this is the largest amount a futures contract can move in a single trading session. Individual commodities and financial instruments have varied maximum price fluctuations. It is

MEANS ENDS ANALYSIS (MEA)

The overall goal is decomposed into objectives, Each objective is then decomposed into individual steps or actions. This is applying systems thinking to planning. The concept that ‘every attainable end leads up

MEDICAL EXAMINER

By conducting the examination of a prospective insured and acting as an agent of the insurer is this specific type of doctor.

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