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

Category: M

MONITORING

To ensure one is on course and on schedule in meeting objectives and performance targets, one supervises activities in progress.

MOOT POINT

Raised during a debate, this type of matter has absolutely no effect on the debated controversy.

MORNINGSTAR SYSTEM

Rating scale for US mutual funds. Uses a one star (lowest) to five stars (highest) range. Ratings based on a fund’s risk-adjusted performance over a 3, 5, and 10 year period. Morningstar,

MORTGAGE LOAN PAYABLE

Throughout the accounting period on the balance sheet principal interest payment transactions are recorded. The balance is transferred to the next accounting year if the principal is unpaid at the end of

MULTI-BRAND STRATEGY

Under different and unrelated brands two or more similar and competing products are marketed by the same firm. Multi-brand strategy has some advantages as a means of (1) holding more shelf space,

MULTIFUNCTIONAL PERIPHERAL

One compact unit that combines fax, phone, scanner, copier, and printer functions is this type of office appliance.

MULTIPLE SOURCING

Using many different providers of components and services in the production process. This reduces production risk to the supply chain if it has a problem and keeps production on track in the

MUNICIPAL IMPROVEMENT CERTIFICATE

To fund projects, local governments used this specific type of certificate . The loans issued with this certificate are interest and tax free. This helps minimize the cost to the local governments

MYSTERY SHOPPER

Posing as a casual shopper, gathering information on the stores’ display, prices, and sales staff quality, this specific type of person is hired by a market research firm or a manufacturer to

MADE TO ORDER

Specifically produced or prepared as the customer requested. Most fast-food purchases, burgers or sandwiches, are made to order. Cooked food, warm items, un-assembled final product awaits the customer’s actual order. Any special

MAINTENANCE BOND

a type of construction bond that guarantees against defective materials or craftsmanship. This bond is good for a specified amount of time after the finished work has been accepted.

MAKE A MARKET

Over the counter trading of a particular security by a dealer able, ready, and willing to buy and/or sell.

MALWARE

Unauthorized, destructive action designed from surreptitious invasion of a computer system by this type of software code. Refer to virus.

MANAGERIAL FINANCE

Financial methods assessed, judging affect on the business, internally and externally. Mainly a mixture between basic corporate financing and managerial. Involves changes to prevent loss. Considers how to improve financial methods to

MANPOWER PLANNING

Details over time or for a project the different skills required. Also, details how to get them and when to get them. Personnel resource estimating or projecting.

MANUSCRIPT POLICY

coverage or conditions not included in a standard policy are specifically written into this policy. To comply with state laws, a larger brokerage for a larger account will prepare this type of

MARGINAL EFFICIENCY OF CAPITAL

The last additional capital unit’s annual percentage return. the investment becomes viable at this represented market interest rate. Also known as marginal productivity of capital.

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