The executive head of a municipal corporation ; the governor or chief magistrate of a city. Waldo v. Wallace, 12 Ind. 577; People v. New York, 25 Wend. (N. Y.) […]
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MAYORAZGO
In Spanish law. The right to the enjoyment of certain aggregate property, left with the condition thereon imposed that they are to pass in their integrity, perpetually, successively to the […]
MAZUR PLAN
Dividing retail store activities into four major areas or departments as a management technique: (1) merchandising – responsible for buying and selling, (2) accounting and control, (3) store management, and […]
MBF
Board feet of lumber symbol for one thousand, not 1 million. One MBF equals 2.36 cubic meters or 83.33 cubic feet. Also refer to MCF.
MCF
Cubic feet symbol for one thousand, not 1 million). It equals 28.32 cubic meters.
MEAD
Ground somewhat watery, not plowed, but covered with grass and flowers. Enc. Lond.
MEADOW
A tract of low or level land producing grass which Is mown for hay. Webster. A tract which lies above the shore, and is overflowed by spring and extraordinary tides […]
MEALS AND ENTERTAINMENT EXPENSE
Meals and entertainment directly related to business operation are this paid amount, for income tax purposes. The IRS allowance for a business to deduct meals and entertainment expenses from its […]
MEAN
The average of values or quantities. Known also as simple average or arithmetic average. Compute an average as the sum of all value amounts divided by the number of values […]
MEAN CYCLES BETWEEN FAILURES (MCBF)
Mean time between failures (MTBF) divided by the duration of a cycle is this value’s calculation.
MEAN DEVIATION
Defined as the average of the absolute differences of each value in a set of values to the average of all the values in that set. Absolute differences is the […]
MEAN MAINTENANCE TIME
Preventive maintenance time and corrective maintenance time is tallied together, then divided by the total preventive and corrective maintenance actions occurring over a year.
MEAN REVERSION
The trend of interest rates that affect the long term returns of an investment.
MEAN TIME BETWEEN FAILURES (MTBF)
The reliability of repairable items quantified as a basic measure. For computers, MTBF is called power on hours (POH). Duty cycles, time cycles, distance, events, and the like are known […]
MEAN TIME TO REPAIR (MTTR)
The maintainability of repairable items quantified as a basic measure. The time required to repair a failed component or device is tallied, then averaged to arrive at MTTR.
MEAN, or MESNE
A middle between two extremes, whether applied to persons, things, or time.
MEANDER
To meander means to follow a winding or flexuous course: and when it is said, in a description of land, “thence with the meander of the river,” It must mean […]
MEANS
1. The instrument or agency through which an end or purpose is accom- plished. 2. Resources; available property; money or property, as an available instrumentality for effecting a purpose, furnishing […]
MEANS ENDS ANALYSIS (MEA)
The overall goal is decomposed into objectives, Each objective is then decomposed into individual steps or actions. This is applying systems thinking to planning. The concept that ‘every attainable end […]
MEANS-TESTED BENEFITS
Individuals whose income is below a certain level are eligible to these types of benefits. In the U.S. food stamps are a means-tested benefit. Only low-income families are allegedly eligible.
MEASE, or MESE
Norman-French for a house. Litt.
MEASON-DUE
(Corruption of maison de Dial.) A house of God; a monastery; religious house or hospital. See 39 Eliz. c. 5.
MEASURE
That by which extent or dimension is ascertained, either length, breadth, thickness, capacity, or amount. Webster. The rule by which anything is adjusted or proportioned.
MEASURE OF DAMAGES
These are the rules that govern the amount of money a plaintiff is entitled to in a case.
MEASURE OF VALUE
term that is used for the relative value of a thing in comparison to other things.