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

MANAGED ACCOUNT

Investment manager administered and supervised investment account, containing one or more investor’s invested the funds. In proportion to their contribution to the account, these investors share in the gains and losses.

MANAGEMENT AUDIT

A systematic organizational management assessment. Evaluates sufficiency of methods and policies. Resource administration and use, tactical and strategic planning, and employee and organizational improvement are this action’s focus.

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.

MANAGEMENT BY WALKING AROUND (MBWA)

Unstructured approach of keeping a finger on the pulse of the organization by collecting qualitative information and listening to suggestions and complaints. Hands-on, direct manager participation in subordinates’ work-related affairs. Managers make

MANAGEMENT BY RESULTS

Objectives planned determine if results are worthwhile and contributing to an organization’s mission and goals in this process management style.

MALTHUSIAN LAW OF POPULATION

Theory that populations grow at a geometric rate while food supplies grow at an arithmetic rate. Seen as flawed as limited factors were observed in developing this Law. Ignores essential factors: technology,

MANAGEMENT RISK

Potential risk tied to company managers’ decisions made in the interest of shareholders and the company at large. Poor decisions or self-serving decisions made by management will potentially destroy shareholder wealth.

MANAGING PARTNER

Senior partner’s highest formal job title. Typically accountable for a firm’s overall practice, management and day-to-day operations. This job title is most used in accounting and law firms. In terms of duties

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

MANIPULATION

1. In General, this is the handling of an implement or situation in an artful, expert, and skillful way. 2. In Law, this is appearing to deceive by false or misleading actions.

MALPRACTICE LIABILITY INSURANCE

Insurance coverage for a doctor, surgeon, psychiatrist, psychologist, nurse, a hospital, other medical/healthcare professional or institution if guilty of dereliction of duty due to negligence or incompetence. Pays for the defense of

MAN-MADE DISASTER

Deliberate or negligent human actions directly and principally caused one or more identifiable disastrous events. Also known as human-made disaster. Contrast to natural disaster.

MANIFEST ERROR

Complete disregard of case facts and the applicable rule or law as an indisputable error of judgment.

MANPOWER

1. In General, this is the personnel available or engaged for a specific job or task, as a resource supply. 2. In Economics, this is the total labor force of a nation.

MANIPULATIVE

1. The way one acts attempting to attain selfish ends by disregarding another’s aspirations or well being to control or play upon that one’s hopes or fears. 2. To use a model

MANIPULATED VARIABLE

An independent variable one can alter to get a particular effect. For example, for a period of time to see how one’s weight changes in response, one can lower one’s calories intake,

MALONEY ACT

Securities Exchange Act of 1934 amendment. The over-the-counter market oversight responsibility was assigned to a Self-Regulatory Organization (SRO) registered with the Securities & Exchange Commission (SEC). See NASD.

MACRO HEDGE

An offset designed to use futures contracts to eliminate, reduce, or otherwise mitigate an entire entity’s portfolio-based economic risk. Also refer to micro hedge.

LONG TERM PLANNING

Activities of formulating a long-term plan. Future needs estimating typically is an extrapolation of present or known needs. The extrapolation for achieving interim goals starts with current status, projected status roadmap, includes

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