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

Category: M

MELTDOWN

1. The point where nuclear core overheats and melts causing a core failure. Known to be a catastrophic event it causes the loss of radioactive materials containment, which are released into the

MERRILL LYNCH

Acquired by Bank of America in 2008, this financial advisory and brokerage company, failed during the height of the financial crisis. Merrill Lynch was founded in 1914 in New York City. Through

METHODOLOGY

Broad principles or rules in this specific type of system. Used to guide a user to the specific methods or procedures needed to derive, interpret, or solve different problems within the scope

MICROBIAL CONTAMINATION

Making food unfit for consumption by Clostridium botulinum inclusion in an item used as food, or growth of other harmful microorganisms.

MICROINCH

One-millionth (1/10x10x10x10x10x10) of an inch.

MIDCAREER PLATEAU

In a management professional’s career progression, this is specific type of period characterized by few promotions. A mid-career plateau often signals additional training or education is necessary. From middle management to upper

MILEAGE ALLOWANCE

Monies reimbursed to a person when using a personal vehicle for business purposes. People are often provided a mileage allowance when working in outside sales as part of their overall compensation. A

MILLIMETER

Equals 1/10th of a centimeter, one-thousandth of a meter, or about 0.04 inch, where 1 inch equals 25.4 millimeters.

MINIMUM CONNECTING TIME

The airlines serving a particular airport determine this specific standard period required to make a connecting flight.

MINORITY BUSINESS

As defined by the US or other individual state, this is a specific type of business whose ownership is considered to be ethnically or economically disadvantaged and owns at least 51% of

MISERY INDEX

Used as an indicator of consumer confidence. Combines inflation rate and unemployment rate.

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.

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