The airlines serving a particular airport determine this specific standard period required to make a connecting flight .
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MINIMUM CONTACT
When an out-of-state defendant commits a crime in another state, this specific legal term defines that the defendant can be brought into state court where the crime was committed for […]
MINIMUM DEPOSIT POLICY
As soon as the first-year premiums are paid, the insured is able to borrow against this specific type of policy that carries a first-year loan value, which is unusual with […]
MINIMUM DOWN PAYMENT
In order to continue securing a loan, a borrower pays this specific type of initial amount. 5% to 25% of the total loan amount is the paid amount, generally varying […]
MINIMUM INVENTORY
To avoid depleting the safety stock a replenishment order should be placed at a preset point in the stock control system as this specific type of control limit .
MINIMUM PREMIUM
An employer pays an amount with a percentage used to cover administration costs. Also refers as a general insurance term to mean the lowest premium in this policy for an […]
MINIMUM PURCHASES
To invest in a mutual fund the financial institution requires this specific type of lowest monetary amount. To open a new account, this is called the minimum initial purchase. To […]
MINIMUM QUOTE SIZE
To be displayed and, therefore, traded on the London Stock Exchange ‘s stock exchange automated quotation system (SEAQ), this specific type of minimum share count is what market-makers must show. […]
MINIMUM RATE
Low risk event are assigned this specific rate.
MINIMUM RECOMMENDED SAMPLE SIZE
Sampling process requires this specific count as the smallest verification entities sample size. Sample characteristics are usually based on batch, lot, population, or universe. This is to ensure that any […]
MINIMUM RETROSPECTIVE PREMIUM
A retrospective rating plan’s premium. No matter what losses occur under a given plan, this is the smallest amount the insured can pay.
MINIMUM SENTENCE
the term that is used to describe the shortest time a person can spend in jail for committing a certain crime.
MINIMUM SUBSCRIPTION
In any new issue this is the smallest securities share count allowed to be applied for. Legal precedent for this was set in the Companies Act of 1956. The law […]
MINIMUM WAGE
An employer must pay an employee at least this lowest hourly rate. In the US and some other countries, minimum wage is set by law. In the UK and still […]
MINIMUM WAGE LAWS
These are the federal laws that fix the amount of money a worker is paid for an hour of work.
MINIMUM WEIGHT
A freight rate scale’s starting point. No matter how small or light, this is the minimum weight used by the carrier to calculate shipment payment.
MINIMUM-VARIANCE FRONTIER
According to Markowitz’s Modern Portfolio Theory , this is the minimum stock volatility within any given portfolio. In theory, a well-balanced portfolio is sufficiently diversified that one particular stock’s risk […]
MINIMUM-VARIANCE PORTFOLIO
When pooled together assets that are considered risky on an individual basis attain a much lower level of risk, given the anticipated return in this specific type of well diversified […]
MINING
The process or business of extracting from the earth the precious or valu- able metals, either in their native state or in their ores. In re Rollins Gold Min. Co. […]
MINING CLAIM
the term given to a claim for the appropriation of public land where mineral exist and is mined within the law.
MINISTER
In public law. One of the highest functionaries in the organization of civil government, standing next to the sovereign or executive head, acting as his immediate auxiliary, and being generally […]
MINISTER PLENIPOTENTIARY
the term applied to the diplomatic envoy who has full power to carry out the functions and is only second in authority to the ambassador.
MINISTERIAL
That which is done under the authority of a superior; opposed to judicial: that which involves obedience to instructions, but demands no special discre- tion, judgment, or skill.
MINISTERIAL DUTY
the term that is given to the duty that is carried out by a person in a public position.
MINISTERIAL OFFICER
the term that is given to a person whose duties re set by a superior.