a term applied to people who are living together as if married but for one reason or other are unable to be ;legally married.
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MERGER
The fusion or absorption of one thing or right into another; generally spoken of a case where one of the subjects is of less dignity or importance than the other. […]
MERGER DEFICIT
A situation where the total share capital value used to purchase another company is less than the total equity value purchased. The stock bought by the company should be worth […]
MERGERS AND ACQUISITIONS
Funding of acquisitions, mergers, and takeovers as a specific type of banking or financing. Corporate lawyers, merchant banks, and stockbrokerage firms are typically specialist in this area.
MERIDIAN
Imaginary north-south semicircle crossing the earth’s poles, and intersecting the equator and all latitude baselines at right angles. Each meridian aligns in a north-south direction with its end-points converging at […]
MERIDIES
In old English law . Noon. Fleta, lib. 5, c. 5,
MERIT GOODS
Goods or services freely given by a government for the benefit of the entire society. Society would be, and currently is, under-provided if left to the market forces or private […]
MERIT INCREASE
Employee’s higher wage rate based on efficiency and performance , examples of agreed-to criteria. Also known as merit bonus.
MERIT PAY
Employee’s salary based on performance results measured according to an agreed upon criteria over a pre-determined period.
MERIT RATING
1. In Insurance, this is the basis of an insured’s loss record such as for auto insurance used in computing premium on a policy. 2. In HR, this is using […]
MERIT SYSTEM
Evaluation of abilities and achievements, and not politics or favoritism as the basis of this type of uniform and impersonal employment and advancement policy.
MERITOCRACY
Because they possess merit, ‘intelligence plus effort’, and are not members of the privileged or wealthy class, those who deserve to wield power are this type of elite of governance. […]
MERITORIOUS
Morels appellatio ad res mobiles tan- tim pertinet. The term ” merchandise ” belongs to movable things only. Dig. 50, 16, 66. Mercis appellatione homines non con- tineri. Men are […]
MERITORIOUS DEFENSE
One going to the merits, substance, or essentials of the case, as distinguished from dilatory or technical objections. Cooper v. Lumber Co.. 01 Ark. 36. 31 S. W. 981.
MERITS
In practice . Matter of substance in law, as distinguished from matter of mere form; a substantial ground of defense in law. A defendant is said “to swear to merits” […]
MERO MOTTJ
See Ex MERO MOTU ; MERE MOTION .
MERRILL LYNCH
Acquired by Bank of America in 2008, this financial advisory and brokerage company, failed during the height of the financial crisis . Merrill Lynch was founded in 1914 in New […]
MERSCUM
A lake; also a marsh or fen-land.
MERTEAGE
A church calendar or rubric. Cowell.
MERTON, STATUTE
OF. An old English statute, relating to dower, legitimacy , wardships, procedure, inclosure of common, and usury. It was passed in 1235, (20 Hen. III.,) and was named from Morton, […]
MERUM
In old English law . Mere; naked or abstract Mcrum jus, mere right . Bract fol. 31.
MERX
Lat. Merchandise ; movable articles that are bought and sold; articles of trade. Merx est quicquid vendi potest. Merchandise is whatever can be sold. Com. 355; 3 Wood. Lect. 263.
MESCREAUNTES
L. Fr. Apostates, unbelievers.
MESCROYANT
A term used in the. ancient books to designate an infidel or un- believer.
MESE
A house and its appurtenance . Cowell.