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

Category: M

MICRO RISK

A risk related to political actions within a host country that adversely affects specific foreign operations, even if these risks beyond the reigning government’s control. Additionally, these adverse actions can migrate into

MID MARKET PRICE

Security’s price mid-way in its offer and bid price. Used mainly in computing investment performance statistics. Mid-market prices appear in the stock / share data tables of most newspapers.

MILE

Traditional distance measure. Currently used only in a few countries, such as the US. One mile equals 1609.34 meters, 8 furlongs, 80 surveyor’s chains, 320 rods, 1760 yards, or 5280 feet.

MILLILITER

Equals about 0.06 cubic inch, one-thousandth of a liter, or one cubic centimeter.

MINIMUM COMPENSATION LEVEL

In order to qualify to take part in a pension plan or profit sharing plan an employee must earn this specific pay amount.

MINI-WAREHOUSE LIMITED PARTNERSHIP

This type of partnership invests funds into small warehouses. They then lease the available space available at a monthly rate to other entities. Partner percentage is the rate of division of any

MISCELLANEOUS INCOME

income gained from property, money or other assets as royalties, rents, prizes, dividends, interest, or any other income otherwise unreported to the IRS. This income type uses IRS Form 1099MISC. If the

MIXED EXPENSES

An expense against a tangible and an intangible asset. A charge must be broken down to reflect separate assets when a tangible and intangible asset cost must be allocated to one account.

MODULE

1. Stand-alone, standardized or self-contained segment is a part along with other such segments of an educational course or training program. 2. Prefabricated, self-contained, standard unit. Can be combined with compatible yet

MONEY MARKET DEPOSIT ACCOUNT

Savings account type used by banks and brokerage firms to invest in short-term debt obligations using funds held on deposit. This account type typically offers limited check writing privileges. It also typically

MONOPSONY

A market with only one buyer given them price control.

MORBIDITY

Leaving physical or psychological wellbeing as a state. Caused by disease, illness, injury, or sickness, particularly where the affected individual is aware of the condition. Morbidity is measurable in terms of (1)

MORTGAGE DURATION

Length of a mortgage, typically in years, unless some principal pre-payment occurs. For an asset that is not property, it can be the number of years until an investor receives the initial

MOST FAVORED NATION (MFN)

Non-discriminatory trade policy commitment offered reciprocally offered between two countries. Both countries set the lowest import duty and quota restrictions on each other’s imports as they do on similar imports from any

MUDARABA

Arabic-styled finance, pre-Islamic. One individual provides startup capital as the financier. Another individual will do the actual work, as the entrepreneur. Here, a single-tiered mudaraba exists. If there is a go-between negotiator,

MULTIPLE LOCATIONS FORM

A specific insurance policy type covering property and any type of assets owned by an individual at multiple locations. Goods, futures, specialized equipment, or improvements made by the owner or others are

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