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

MEDICAL EXAMINATION

Conducted by a doctor acting as the insured’s agent, a prospective insured receives this type of physical evaluation.

MEDICAL SAVINGS ACCOUNT

Derived from a portion of the employee’s premium payments, employer contributions make up this specific type of account. With the remainder eligible for cash withdrawal, the employee pays for any medical expenses

MEDICAID

With funding from the federal government and administered by the individual states, this is a specific health care program. To have medical expenses paid, certain guidelines, including income requirements, are met to

MEDICARE SELECT POLICY

Benefits to specific providers in-network are paid by Medicare through this specific type of supplement policy or certificate.

MEGACORPORATION

A single parent company owning this large collection of companies. Megacorporation’s usually exist beyond political boundaries and operate throughout the world in many countries. Political clout and influence over markets comes with

MEGABYTE

A computer’s disk storage measure, be it a computer file’s size or storage capacity. Megabytes are often abbreviated as MB. One megabyte equals 1,024 kilobytes. More megabytes means more storage capacity, memory

MEMBERSHIP

Attributed the rights of being a member of an entity. Ether individually or collectively, belonging to a group. Some memberships require a fee to join or participate ; some do not. Some

MEMO ENTRY

No total increase or decrease occurs from this specific type of balance sheet transaction. Stock splits are a typical use.

MEMBER MONTH

Each month a tally of participants considered to be members.

MEMORANDUM OF AGREEMENT

Draft agreement to set mutual responsibilities and scope of association. Also refer to memorandum of understanding.

MEMO BILL OF LADING (B/L)

Serving only as a receipt for cargo that does not show freight amount, this is a specific type of abridged B/L form.

MEMBERS’ VOLUNTARY LIQUIDATION

A solvent firm’s liquidation by a resolution passed for voluntary shutdown of the business by its shareholders who also typically choose and appoint the liquidator. It requires a statutory solvency declaration by

MEDIAN

An arranged value set finds this specific type of value or quantity at the ascending or descending order’s halfway point. When an odd number of values exists in the set , the

MATURE MARKET

One that is functioning without change or innovation or has no growth.

MARGRABE OPTION

US risk-management consultant William Margrabe invented this in 1978. Exchanging of one asset for another as the basis of a futures contract, like a cross currency option. He also devised a price

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