The quantity’s actual value differs from a measured value. A systemic error caused by the measuring instrument’s incorrect calibration will not improve by repeating the measurement. A random error caused by the measuring instrument’s accuracy limit will improve or reduce by repeating the measurement.
MAGAZINE
Typically, a monthly, general interest or specific focus periodical. Characteristics are that it covers several topics by short articles of about 3-pages long, that are submitted by in-house and external authors, carrying both black-and-white and color advertisements and graphics, and usually printed on glossy paper.
MULTICASTING
A single device communicates with two or more devices with a single transmission in this transmission method. A multicast message is transmitted only to one or more selected devices. In contrast, broadcasting sends a message or signal to all connected devices at the same time. Refer to narrowcasting and unicasting.
MARKOVIAN DEPENDENCE
A given event is dependent to some degree on recent previous events in this type of situation. Research may find that a bull week in the stock market is followed by another bull week 80% of the time, as an example. The market performance in week 2 has a Markovian relationship with the market performance in week 1.
MORNINGSTAR
Investors use this investment research company’s products to improve portfolio and financial transaction management. Morningstar offers brokerage services for financial advisors and investors. Provides investors with software products and publications to help and facilitate their reach for their financial goals.
MIDCAREER PLATEAU
In a management professional’s career progression, this is specific type of period characterized by few promotions. A mid-career plateau often signals additional training or education is necessary. From middle management to upper management, at managerial transition points, a mid-career plateau typically happens.
METES AND BOUNDS
Land demarcating method. Uses angular directions and distances in feet or meters. Does not rely and is not described by natural or man-made features of abutting land. Land boundary lines, their terminal points and angles, and fixed-point references, like roads, streams, and adjoining properties are all detailed.
MURABAHA
An Islamic financial transaction. Having property or an asset to sell, the owner will rent or lease it at a fully disclosed rate of profit to an interested buyer. Just like a rent-to-own situation, until the buyer has paid off the note for the asset in full, the owner retains full ownership rights over the asset.
MORALE
Person’s psychological state expressed as a level or degree of self-confidence, enthusiasm, and/or loyalty to a cause or organization. Morale comes from people’s personal conviction about the worth of their actions, their righteousness, and their hopes of a future with high rewards, be they material or otherwise.
MINERAL LEASE
In exchange for predetermined compensation, this is a specific type of lease arrangement between an entity and a property owner. It grants the entity the rights to explore to determine if minerals are present and, also, to extract minerals, like iron, copper, oil, or even natural gas, from the leased property.
MARKET SIGNAL
Participants in a market passively or unintentionally provide each other information or some indication. For example, an entity indirectly “signals” its need for capital along with the reasons that it prefers loan capital over equity capital, like wanting to keep control of the firm, and issuing bonds.
MAJOR VIOLATION
In auto insurance, this is an event that could lead to jail-time and/or severe penalties: driving under the influence of alcohol, driving with a revoked or suspended license, an unlicensed driver driving an insured vehicle, reckless driving, fraudulent claim filing, an involved insured fleeing an accident scene.
MORTGAGE PIPELINE
A mortgage pipeline consists of locked-in loans by an originator or mortgages by its borrowers, brokers, or other mortgage lenders. The originator’s pipeline is also a hedge against any interest rates movements. Loans typically remain in the originator’s pipeline from the time it is locked until it falls out.
MICROMERCHANT
Low-value transactions are the form used by these specific type of merchants in most of their business activities. Often excluded from using normal, traditional, mainstream business accounts and financial services. The fees for these services often cost more that the micromerchant’s standard transaction’s value.
MERCHANT ACCOUNT PROVIDER
Bank or other financial institution that has merchant account services for traders. Processing onsite and online credit card and electronic-commerce transactions for a fee and/or the right to collect on the credit card debt owed by the buyer are examples of these services. In the US, also known as merchant bank.
MARKS
An identification consisting of letters, numbers, and/or symbols painted, printed, stamped, written, or otherwise affixed to cargo containers or packages. The shipper is responsible for marks. Any backfreight or overcarriage due to wrong or incomplete marks is chargeable to the shipper. Also known as markings.
MOTIVATING FACTORS
Reasons an entity does what is does. Human behavior drivers related to work’s intrinsic nature, but not necessarily to environment or surrounding circumstances. Achievement, advancement, autonomy, personal growth, recognition, responsibility, and the work itself are all possible and likely motivation factors.
MICROCASH
Low-value monetary transactions. The value of the transaction itself may be exceeded by the fees charged by banks and credit card commercial financial institutions. The development of new methods of transferring funds is the response to the need for financially feasible ways to execute microcash transactions.
MARGIN PRESSURE
The effect on a company’s margins that various internal or market forces have. Production issues or delays are a part of some internal forces. Increased regulatory controls, new industry related legislation, or macroeconomic events like rising oil prices are some external forces that affect a company’s margin.
MUNICIPAL UTILITY DISTRICT (MUD)
Providing utility-related services such as water, sewage, and drainage services is the job of this specific type of political entity. Enacted by state law and funded by special assessment bonds. One’s property value and the current tax assessed on individuals comes from living in a municipal utility district.
MASTER DATA MANAGEMENT (MDM)
The processes, people, strategies, and technologies used to build and manage a complete master data system that gives a business its process. MDM solutions give full views of customers, vendors, equipment, materials, and other pertinent data that is a master database integrated across multiple business systems.
MACROPRUDENTIAL ANALYSIS
Financial system studied comprehensively. The nation’s banking industry is such a system. Overall system soundness and system vulnerabilities, as well as financial shock absorption capabilities are study components. The operational system’s regulatory environment is an essential consideration of the study.
MISSION CRITICAL
The failure of business operations is the outcome of a failure or disruption in normal business hours of this specific type of activity, device, service, or system. Some examples: for an online business, system communications is mission critical; for a steel mill, water and power supply are mission critical.
META
A prefix that means ‘related to’ or ‘information about’. A metaproblem is a problem related to other problems. As another example, in the computer industry metadata and metatags are terms for elements are data or pieces of information holding additional information concerning code, program, system or computer.
MARKET CYCLE
One complete uptrend and one complete downtrend included in the longer-term price movements in a broader market index. The cycle is deemed finished when the prices of the index approach the starting point, measured from either the lowest low or the highest high for a given time period. Refer to Market Trend.