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

METALLURGY

Formulation of metal alloys, uses of metals, and the recovery, refining, properties technology as this specific science.

METERED MAIL

Mail that uses printed or stamped images from a postage meter rather than individual stamps for postage. Used by organizations that mail large quantities. Metered mail is more efficient handling for high-volume

METAPROBLEM

An issue underlying several other problems. Essential to resolving these problems is understanding, and possibly resolving, this underlying issue. For example, society, or a section of a society, is suffering from crime,

METHANOL (CH3OH)

Type of alcohol that is highly flammable and poisonous. When ingested at even small quantities of 10 milliliter, two teaspoonful, it can cause permanent blindness. Up near 100 milliliters it may be

METHOD OF PROCUREMENT (MOP)

purchase orders or contracts generated by this specific procedure from requirements or requisitions. (1) competitive bidding, (2) direct negotiations, and (3) single source acquisition are three common MOPs.

METHODS-TIME MEASUREMENT (MTM)

in a production process with manual tasks, this is a specific way of establishing performance benchmarks. Methods-Time-Measurement uses statistics and research to assign durations to each physical movement involved in a task.

METHODS STUDY

Scrutinizing each section and statement of a given piece of work with close analysis to remove or reduce any unnecessary element or operation. Intent is a means of improving towards the quickest

METAPHOR

Method of using two very different items to extend a word’s scope of a word, showing agreement to illustrate a point, or to correspond as an analogy in details between these two

MERCHANT’S PRIVILEGE

Merchant’s right to detain an individual suspected of stealing the merchant’s property. Rules governing an individual’s detention vary from state to state. A merchant may not search the suspected thief, but can

METRICS

Efficiency, progress, performance, and quality of a plan, process, or product are assessed by these specific standards of measurement .

METRICATION

Generally known as the metric system, this is the introduction of the International Standard (SI) measurements system. Conversion to it can improve a nation’s prospects for international trade and investment. With the

METROPOLITAN STATISTICAL AREA (MSA)

For the purposes of census data and other urban population calculations the United States Office of Management and Budget determines these specific types of geographical divisions. Primarily based on urban areas, the

MEZZANINE LEVEL

Between startup and initial public offering (IPO) exists this specific type of a firm’s growth stage.

MICRO HEDGE

Designed to remove or lessen economic risk tied to a particular asset or liability. Also refer to macro hedge.

MICRO COUNTRY RISKS

Specific type of political risk category. Corporations doing business in other nations may face internal turmoil or anti-foreign sentiment. Vandalism, civil unrest, rioting, and nationalization of corporate assets by foreign governments are

MICROBRIDGE

Rail-borne or truck-borne cargo transfers directly onto ships at this specific type of port facility. Also refer to landbridge.

MICROECONOMIC TRENDS

Consumer, household, or firms’ income, savings, debt, and expenditure as economic factors in the patterns of movements or changes.

MICROCONTROLLER

A scaled down, task-specific microcomputer. May/may not have an input or output device. Fuel injectors, security systems, or traffic monitors typically have embedded systems containing a microcontroller.

MICROCAP

In the US, an entity under 250 million dollar capitalization. This is less than small capitalization firms.

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