A commercial contract offered to an investor with periodic investment instruments.
M | Page 30
M
MASTER OF THE SHIP
the term that is given to the captain of a ship or the chief commanding officer of a ship.
MASTER PLAN
Several related subplans incorporated together to make one master plan .
MASTER POLICY
The contract issued to the employer under a group insurance policy issued for employees. An insured who is able to issue certificates of coverage to others can obtain this type […]
MASTER PRODUCTION SCHEDULING (MPS)
A comprehensive product manufacturing schedule that covers to be assembled or made, when, with what materials acquired when, and the cash required translated into a business plan . Material requirements […]
MASTER RECORD
Subsequent copies are made from this one original document.
MASTER SERVANT RULE
Vicarious liability rule in agency law. A principal or employer is responsible and accountable for any negligent acts of the agent or employee. Even when the agent’s specific acts were […]
MASTER TRUST
A trust company manages several trust properties as a single trust property acting as a trustee for a group of associated trustors or firms under this type of custody arrangement […]
MASTER-SERVANT RULE
term in law that means the master, the employer, must answer for the actions of his servant, the employee.
MASTER’S DEGREE
Typically requiring four years of study and obtained from a college or university, this is a distinction as a higher level of education. A master’s degree program exists in almost […]
MASTERCARD
World-renown worldwide credit card corporation . On May 25, 2006 MasterCard converted from a privately held company to a public company . One of the three major credit cards accepted […]
MASTERS OF BUSINESS ADMINISTRATION (MBA)
Students who successfully graduate from their college or university’s MBA program earn this particular advanced college degree . Traditionally a student will have already received a Bachelors degree in some […]
MASTJRA
In old records. A decayed house; a wall; the ruins of a buildiug; a certain quantity of land, about four oxgangs.
MATCHED BOOK
A portfolio with close or exact same maturity dates.
MATCHED ORDERS
the term given to the buy and sell orders that make a wash sale.
MATCHING PRINCIPLE
An Accounting term that is a fundamental concept of accrual basis accounting . It offsets revenue by expenses based on their cause-and-effect relationship . It states that the costs incurred […]
MATCHING RULE
Offsetting an income transaction with an expense transaction is the duty of an accountant.
MATE
The officer second in command on a merchant vessel. Ely v. Peck, 7 Conn. 242; Millaudon v. Martin, 6 Rob. (La.) 539.
MATE’S RECEIPT
an officer of a vessel signs this type of document making a receipt that is evidence of a shipment onboard the vessel. It is not a title document and acts […]
MATELOTAGE
In French law . The hire of a ship or boat.
MATER-FAMILIAS
Lat. In the civil law . The mother or mistress of a family. A chaste woman, married or single. Calvin.
MATERIA
Lat. In the civil law . Materials; as distinguished from spccies, or the form given by labor and skill. Dig. 41, 1, 7, 7-12; Fleta. lib. 3, c. 2.
MATERIAL
Important; more or less necessary; having influence or effect; going to the merits; having to do with matter, as distinguished from form. An allegation is said to be material when […]
MATERIAL ADVERSE CHANGE (MAC) CLAUSE
When a bank can demand repayment of a loan when a borrower has a bad financial turn.
MATERIAL ALLEGATION
This makes up the major part of a plaintiff’s claim about the defendant.