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

Category: M

MEGA MARKETING

government, media, and pressure groups as other elements of a firm’s external environment, in addition to the typical marketing activities that involves this type of management activity. The US marketing academic Philip

MERGER DEFICIT

A situation where the total share capital value used to purchase another company is less than the total equity value purchased. The stock bought by the company should be worth more than

METHANOL (CH3OH)

Type of alcohol that is highly flammable and poisonous. When ingested at even small quantities of 10 milliliter, two teaspoonful, it can cause permanent blindness. Up near 100 milliliters it may be

MICRO COUNTRY RISKS

Specific type of political risk category. Corporations doing business in other nations may face internal turmoil or anti-foreign sentiment. Vandalism, civil unrest, rioting, and nationalization of corporate assets by foreign governments are

MICROFORM

Produced by any method of microphotography and image miniaturization. Roll microfilm, microfiche, computer output microfilm, and all other formats can be used. Devices known as microform readers are used to display microform

MICROSOFT POWERPOINT

Microsoft (MS) Office product that is a users’ tool interface to design multimedia slides for display a projector or personal computer. The software has functionality to present images, sounds, videos, text, and

MIL

Unit of length that equals one-thousandth (0.001) of an inch. Translates to 25.4 micrometers (microns). Known as thou in UK.

MILLIBAR

Original unit of measure for atmospheric pressure. Older but still most widely used. The newer unit is called a kilopascal One millibar equals one-thousandth of a bar, about 0.03 inches or 0.76

MINIMUM CASH BALANCE

Cash planning during an accounting period to avoid or cover up cash shortfalls between cash inflows and outflows drives management to maintain this specific type of the least amount of available cash.

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

MIXED CARGO

Two or more different types of goods classified under different tariff headings make up this specific type of shipment. Also known as mixed consignment.

MODE

Referential value in a series of data to the most common, most often occurring value. In a frequency distribution graph, the peak represents the mode. The mode of the series 1, 2,

MODULATING

Not being full-on or full off; changing incrementally.

MONEY MANAGEMENT INTERNATIONAL

since 1958 this nonprofit organization has been educating individuals in the field of finance. In person, by phone, or over the Internet, general financial guidance, credit counseling, housing concerns, debt management solutions,

MONOPOLISTIC STATE FUND

Some states’ laws require firms to buy workers compensation insurance from that state’s government. Private insurers are prohibited from selling insurance in these states. The state-run company that sells this insurance in

MORALE HAZARD

Circumstance increasing loss-occurrence probability or abnormal loss due to an insurance policy applicant’s indifferent attitude after policy issuance. The insured being careless in locking the doors and windows when leaving home is

MORTGAGE CLAUSE

Usually included as an attachment as a part of an insurance policy, this type of provision makes an insurance claim payable to both a policy holder, as the mortgagor, as well as

MOSAIC THEORY

1. In Investing, this is a CFA Institute recognized method, a valid corporation-value analysis method, using both public and non-public data and using both material and non-material sources. Based on information gathered,

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