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

MILKING STRATEGY

Short-term revenue generation strategy. Used by investors to boost stock prices or company revenues and generate profits quickly. It is given a higher priority than longer term concerns: brand development; stability of

MILLARD

For large volumes of water, this specific unit of measure is used. It is equal to about 810,767 acre-feet, one cubic kilometer, or one billion (109) cubic meters.

MILL SCALE

During the hotworking of metals, a layer forms of this type of dark brown or black oxide.

MILLIBAR

Original unit of measure for atmospheric pressure. Older but still most widely used. The newer unit is called a kilopascal One millibar equals one-thousandth of a bar, about 0.03 inches or 0.76

MILLILITER

Equals about 0.06 cubic inch, one-thousandth of a liter, or one cubic centimeter.

MILLION INSTRUCTIONS PER SECOND (MIPS)

Program’s instructions execution rate. While executing a standard program, a computer does so with the computer’s processor clock speed at a measurable rate.

MILLION DOLLAR ROUND TABLE

Life insurance agents’ association. Members qualify by selling a minimum of $1 million of insurance coverage. An additional criteria to also be a member of the National Association of Life Underwriters as

MILL CONSTRUCTION

High standard and specification construction. Above-average structuring. These standards qualify for reduced rates on fire insurance on warehouse types of buildings.

MIDPOINT

In General, half of the distribution is above the mean and half is below at this point on a continuum.

MINI

Insurance that only covers one line of risk.

MINERAL LEASE

In exchange for predetermined compensation, this is a specific type of lease arrangement between an entity and a property owner. It grants the entity the rights to explore to determine if minerals

MINI TAIL

After a claims made policy has expired, a 60-day extension that was added to a policy’s reporting time frame becomes this automatic extension allowing the insured to make claims until extension expiration.

MINIMAX REGRET CRITERION

Minimizing regret as the highest criterion for choosing a decision path over another. This criterion encourages avoiding regret In a situation where an event’s expected payoff is less than expected. Also known

MINIMUM CASH BALANCE

Cash planning during an accounting period to avoid or cover up cash shortfalls between cash inflows and outflows drives management to maintain this specific type of the least amount of available cash.

MIND MAPPING

Connections between several ideas or pieces of information become visualized by using this specific type of graphical technique. A web of relationships evolves as each idea or fact captured traces to its

MINIMUM DEPOSIT POLICY

As soon as the first-year premiums are paid, the insured is able to borrow against this specific type of policy that carries a first-year loan value, which is unusual with life insurance

MINIMUM QUOTE SIZE

To be displayed and, therefore, traded on the London Stock Exchange’s stock exchange automated quotation system (SEAQ), this specific type of minimum share count is what market-makers must show. NASDAQ. an American

MINIMUM INVENTORY

To avoid depleting the safety stock a replenishment order should be placed at a preset point in the stock control system as this specific type of control limit .

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