Without affecting output quality, this is the rate of technical substitution a producer can make by exchanging a small input amount of capital, for example, for a small input amount […]

Producer’s substitution rate of a small input variable’s amount for another small input variable’s amount. This rate indicates the opportunity cost of a unit of each commodity in terms of […]

Payable income tax amount adjustment by a firm whose taxable income slightly exceeds the upper limit of a tax bracket , or band. This adjustment is usually only available to […]

A firm’s gross revenue increase produced when one additional output unit is sold.

An activity’s incremental benefit as perceived by society. Adding marginal external benefit and marginal private benefit results in this value.

An activity’s incremental cost as perceived by society. Adding marginal external cost and marginal private cost results in this value.

Additional income unit’s paid tax rate. Marginal tax rates increment as income increases in a graduated or progressive tax regimen. The highest marginal tax rate applies to the highest income […]

With all other factors remaining constant, this is an activity’s overall benefit increase caused by a unit’s activity level increase. Also known as marginal benefit .

Monetary-derived total satisfaction difference due to monetary sum’s single unit change.

Output’s market value after adding a single input unit. Multiply the marginal product by the added output unit’s selling price . Also known as marginal revenue product.

The process of according less importance to something or someone moved away from the inner workings of the group. A social phenomenon of excluding a minority, subgroup, or undesirables by […]

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 […]

An ancient word which signified a mariner or seaman. In England, marinarius capitaneus was the admiral or warden of the ports.

Naval; relating or pertaining to the sea; transacted at sea; doing duty or service on the sea. This is also a general name for I he navy of a kingdom […]

Ship-and- cargo insurance coverage. Pays for loss of or damage over waterways, land, and air cargo in-transit and to the ship involved..

When money is loaned on hypothecation on bottomry bonds, this higher-than- market interest rate covers the use and risk of the loan.

A seaman or sailor; one engaged in navigating vessels upon the sea.

A body of infantry soldiers, trained to serve on board of vessels of war when in commission and to fight in naval engagements. Maris et foeminsc conjunctio est de jure […]

An officer in Scotland, who, with tbe lord high constable, possessed a supreme itinerant jurisdiction in all crimes MARISCUS 760

A marshy or fenny ground. Co. Litt. 5GT.

An obsolete writ for the tenant In frank-marriage to recover lands, etc., of which he was deforced.

The portion which is given with a daughter in marriage. Also the power which the lord or guardian in chivalry had of disposing of his infaut ward in matrimony.

Relating to, or connected with, the status of marriage; pertaining to a husband; incident to a husband.

the term that applies to the principle where a spouse is prevented from revealing a communication of the other.

The tax-free transferal to a spouse of a specified asset by a will. Current tax laws exclude all federal estate tax from an unlimited transferred amount.