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

Category: M

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.

MACHINE TOOL

Non-portable, power-driven industrial device. Machine tools are ‘machines that make machines.’ Abrading, cutting, drilling, forming, grinding, nibbling, or shaping of a piece of metal or other material are examples of tool operations.

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.

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