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

Category: M

MIDTERM BARGAINING

Contract terms negotiations occurring while the contract is in force, rather than waiting until the contract needs to be renewed or re-initiated. Only new issues or issues not in the in-force contract

MILLARD

For large volumes of water, this specific unit of measure is used. It is equal to about 810,767 acre-feet, one cubic kilometer, or one billion (109) cubic meters.

MINIMAX REGRET CRITERION

Minimizing regret as the highest criterion for choosing a decision path over another. This criterion encourages avoiding regret In a situation where an event’s expected payoff is less than expected. Also known

MINIMUM SUBSCRIPTION

In any new issue this is the smallest securities share count allowed to be applied for. Legal precedent for this was set in the Companies Act of 1956. The law states that

MIRRORING AND MATCHING

Pension plans and insurance companies experienced at estimating future liabilities attempt to minimize the expenditures necessary to cover their liabilities. A function of these experienced investment institutions. Also known as portfolio dedication

MITIGATING CIRCUMSTANCE

Activities leading up to an offense that change the perception of why the offense occurred, not necessarily justifying the offense. Family or personal situations are circumstances that may help in obtaining a

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

M&A

Alternative, short term for mergers and acquisitions.

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