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

MICROMERCHANT

Low-value transactions are the form used by these specific type of merchants in most of their business activities. Often excluded from using normal, traditional, mainstream business accounts and financial services. The fees

MICROMANAGEMENT

Constant close, detailed, and often demotivating scrutiny of employees’ work.

MICRON

Term no longer used: for micrometer (one millionth of a meter).

MICROPAYMENT

Small amount transactions; cost five dollars or less, typically only a few cents . Mostly done with the sale of information over the Internet.

MICROSOFT

Company founded in 1975 by former CEO Bill Gates. Technology corporation that develops computer software and interfaces with the World Wide Web (WWW). Microsoft Windows is an operating system that is the

MICRO-PROFITS

A specific type of business model generates these specific types of extremely low-valued profits. Revenues can come from a high transaction frequency of low-value transactions in these business models. Profits that are

MICROINCH

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

MID MARKET PRICE

Security’s price mid-way in its offer and bid price. Used mainly in computing investment performance statistics. Mid-market prices appear in the stock / share data tables of most newspapers.

MICROSOFT WINDOWS

Microsoft (MS) Corporation personal computer (PC) operating system (OS). Microsoft introduced this OS in 1985 and it continues to be widely used despite competition from Apple’s Macintosh OS. As with other operating

MIDDDLE CAPITALIZATION STOCK

This is a medium-sized corporation with stock shares valued with a total market capitalization typically between one billion and five billion dollars. Best known index is S&P MidCap 400, with a $2.30

MIDDLE MANAGEMENT

People who serve as project managers in flat organizations or are department heads of accounting, marketing, production or business units, and as such, are this specific type of managers. Middle management constitutes

MIDDLE-OF-THE-ROAD

An expression typically meaning that this entity is taking no extremes in its strategies. It also refers to entities that target customers in the median income and spending tendencies range. The focus

MIDDLE-MARKET COMPANY

Revenues of $10 million to $50 million with 10 to 100 employees characterize this specific type of medium-sized company. Collectively mid-sized companies employ more people than large companies, but typically have a

MICROSOFT OFFICE

Microsoft Corporation’s product suite. Packages MS-Word, Excel, Access, Publisher, PowerPoint, and Outlook. Each application serves a different purpose and is compatible with the other packaged programs. This suite is compatible with both

MID-POINT CONVENTION

During the accounting period a company may acquire an asset, but only recognizes it within a specific, different time of the year.

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

MILE

Traditional distance measure. Currently used only in a few countries, such as the US. One mile equals 1609.34 meters, 8 furlongs, 80 surveyor’s chains, 320 rods, 1760 yards, or 5280 feet.

MIGRATION

Something’s or someone’s movement from one place to another, as in data from one format, platform, or system, to another, or from one country to another, or of a substance from one

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