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

Category: M

MIXED FORECASTING

Using several different methods in a single forecasting process of a company’s future performance. a single analyst or a series of them can do this type of forecasting. Regardless, ascertaining the same

MODE OF TRANSMISSION

The way a communication, document, or record gets to its intended audience or receiver from its originator.

MOHS’ HARDNESS SCALE

the German geologist Friedrich Mohs (1773-1839) invented this scale in 1812. Ten minerals arranged and numbered from the softest to the hardest. The mineral with a higher number can scratch a lower-numbered

MONEY PURCHASE BENEFIT FORMULA

Both employee and employer have fixed contributions with this specific type of pension plan. A flat amount or a percentage of the salary are fixed contributions based on the employee’s salary.

MONOSPONY

Unique market situation. Several producers compete for a single buyer’s business. War-related goods, like aircraft, artillery pieces, missiles, and other weapons, for example, have a government as its the sole customer.

MORBIDITY RATE

Morbidity rate is a basic factor in setting insurance premium rates. It is the likelihood that a person will suffer a disease, illness, injury, or sickness, based on being a member of

MORTGAGE EQUITY ANALYSIS

Calculate: the property investment’s value minus the remaining mortgage amount owed. Requires knowing the financing used to secure the asset, the general property value, and mortgage amount still owed.

MOTEL

Term for motor hotel. Road-side, overnight accommodations facility. Offers little or no amenities other than parking space, like attached bathroom or room service.

MUDARIB

In the mudaraba, this is a manager who shares in the profits once the work is begun by the contracted individual. This manager provides the management, business acumen, and the products/services the

MULTIMEDIA

Education, entertainment, or training through computer hardware and software using animation, audio, graphics, text, and full-motion video occur with this type of integration.

MULTISOURCING

Several providers are used to execute an essential business function. These sources are internal and external and divide the activities and services need. This gains better control over the cost and accountability

MUTUALITY DOCTRINE

All contracting parties must enforce a contract for the contract to be legally enforceable, as a legal principle.

MACARONI DEFENSE

When a company requires securities be purchased at a high cost preventing a hostile takeover.

MACRO RISKS

The nation’s economic relations with another nation as potential political issues. An example is a country’s middle class population revolting. Actions within or outside governmental control are viewed as potential risks.

MAIL SHOT

Unsolicited marketing material in a bulk distribution occurring in the UK. Also refer to spamming.

MAJOR ITEM

The operational capability of a machine, plant, or system would be impacted but not be a catastrophe if this item were unavailable.

MALLEABILITY

Beating, rolling metal into very thin sheets, allowing metal to be bent and twisted into practically any shape without cracking or rupturing as that metal’s characteristic.

MANAGEMENT DEVELOPMENT

Organizational development portion covering executive-level employees recruitment, assessment, and training to equip them for higher positions in leadership . This process typically includes: (1) cognitive thinking development, idea generation, and decision making,

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