Machine controlled time ‘s measurable subdivision .
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MACHINE HOUR
Measured as one machine working for one hour. Not a labor hour. Used in mechanized production to apply overhead costs to work-in-process inventory. Necessary for cost accounting,
MACHINE INSTRUCTION
A program’s operation commands. Usually a compiled machine-native code. Also known as machine code . A computer, robot, or computer-driven machine recognizes these and executes them.
MACHINE LANGUAGE
Programmed language directly understood and executed by a machine, typically a computer. Requires no conversion or translation . English-like languages, known also as high level languages, are industry-renown: Basic, C, […]
MACHINE LEARNING
Using repetition and experience as how humans seem to learn. Using software whose operations mimic these methods, employing artificial intelligence techniques to enhance the ability of a machine to improve […]
MACHINE READABLE
Data or instructions readable through a computer’s electronic device. This input is ready for interpretation and manipulation . Bar codes, magnetic ink, or disk are sources of this data or […]
MACHINE SCANNING
An optical device reads printed materials and transfer into digital format as electronic data input. Optical character recognition (OCR) technology is used.
MACHINE TOOL
Non-portable, power-driven industrial device. Machine tools are ‘machines that make machines.’ Abrading, cutting, drilling, forming, grinding, nibbling, or shaping of a piece of metal or other material are examples of […]
MACHINERY
A more comprehensive term than “machine;” Including the appurtenances necessary to the working of a machine. Seavey v. Central Mut. F. Ins. Co., Ill Mass. 540.
MACHINING
Abrading, cutting, drilling, forming, grinding, and/or shaping of a piece of metal or other material are operations performed by lathes, power saws, and presses, which are machine tools.
MACHOLDM
In old English law . A barn or granary open at the top; a rick or stack of corn. Spelman.
MACRO FORECAST
Broad, all-encompassing economic forecast covering employment and gross domestic product (GDP).
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 .
MACRO MARKETING
National, societal-based perspective -study of broad marketing activities, institutions, and processes. Starting at an economy’s aggregate goods and services flow, it determines social benefits as resource consumption and environmental effects.
MACRO RATING
Superseded by CAMELS rating since 1994. Older evaluation-soundness measure of a bank. Management, asset quality, capital adequacy , risk-management, and operating results are evaluated.
MACRO RISKS
The nation’s economic relations with another nation as potential political issues. An example is a country’s middle class population revolting. Actions within or outside governmental control are viewed as potential […]
MACROECONOMIC CONDITIONS
National or state-level economic factors. These influence the whole aggregated economy. Changes in employment levels, gross national product (GNP), and prices, be it deflation or inflation, are typical influences.
MACROECONOMIC EQUILIBRIUM
Meeting aggregate demand with aggregate supply as a national economic conditional activity. Prices, employment and resources show impacts by significant movement on either side.
MACROECONOMICS
A subject of study. Macro is the behavior of entire, aggregated economies or economic systems. In contrast, Micro is the behavior of individuals, individual firms, or more local markets. National […]
MACROPRUDENTIAL ANALYSIS
Financial system studied comprehensively. The nation’s banking industry is such a system. Overall system soundness and system vulnerabilities, as well as financial shock absorption capabilities are study components. The operational […]
MACTATOR
L. Lat In old European law. A murderer.
MACULARE
In old European law. To wound. Spelman. MAD POINT 744 MAGISTRALIA BREVIA
MACULARE M M
This letter, used as a Roman numeral, stands for one thousand. It was also, In old English law , a brand or stigma impressed upon the brawn of the thumb […]
MAD POINT
A term used to designate tlie idea or subject to which is confined the derangement of the mental faculties of one suffering from monomania. Owing’s Case, 1 island (Md.) 3SS, […]
MADE KNOWN
Where a writ of scire facias has been actually served upon a de- fendant, the proper return is that its contents have been ” made known ” to him.