-
M1
is
the narrowest measure of the U.S. money supply; includes currency in
circulation plus demand deposits (checking account balances).
-
M2
is a measure of the U.S. money supply that includes
M1, plus savings and small time deposits, overnight repos at commercial
banks, and non- institutional money market accounts. M2 is a key economic
indicator used to forecast inflation.
-
M3
is the broadest measure of the U.S. money stock
that consists of M2, time deposits of $100,000 or more at all depository
institutions, term repurchase agreements in amounts of $100,000 or more,
certain term Eurodollars and balances in money market mutual funds restricted
to institutional investor.
-
MACRS
is Modified Accelerated Cost
Recovery System.
-
MAINTENANCE
is the activity involved
in maintaining something in good working order. May include replacement
of signifcant portions of the item(s) being maintained.
-
MAINTENANCE OF ACCOUNTS
, in accounting,
ensures that all transactions and accounting records are in accordance
with generally accepted accounting principles and applicable laws, and
shall be in sufficient detail to permit an annual audit.
-
MAKER
is a. the producer of a product,
or, b. the person who signs a check or promissory note, which makes him/her
responsible for payment.
-
MALPRACTICE INSURANCE
see E&O INSURANCE.
-
MANAGED RECEIVABLES
is the total receivable
amounts on which a company continues to perform billing and collection
activities, including receivables that have been sold with and without
credit recourse and are no longer reported on the balance sheet. See
OWNED RECEIVABLES.
-
MANAGEMENT ACCOUNTING
is the process
of identification, measurement, accumulation, analysis, preparation, interpretation,
and communication of financial information used by management to plan,
evaluate, and control within an organization and to assure appropriate
use of and accountability for its resources. Management accounting also
comprises the preparation of financial reports for non-management groups
such as shareholders, creditors, regulatory agencies, and tax authorities.
-
MANAGEMENT BY CRISIS
is a reactive method of administration whereby strategies are formulated almost at the moment that events occur; basically short-sighted policy often leading to organizational confusion.
-
MANAGEMENT BY EXCEPTION (MBE)
-
MANAGEMENT BY OBJECTIVES (MBO)
is a
management theory that calls for managing people based on documented work
statements mutually agreed to by manager and subordinate. Progress on
these work statements is periodically reviewed, and in a proper implementation,
compensation is usually tied to MBO performance.
-
MANAGEMENT CONTROL SYSTEM
is essentially
a strategic tool for holding managers accountable and responsible for
their performance. Existence of such a system also provides feedback for
managers to know how they perform, in which direction the organization
is heading, and what type of course correction may be required to stay
on course.
-
MANAGEMENT EXPENSE
is the management
fee deducted from a fund's average net assets to pay an advisor or subadvisor.
This fee is normally on a sliding scale. As the net assets of the fund
increase, the percentage deducted for management fees decreases. A fund
can also have a fixed rate or flat fee to compensate the advisor.
-
MANAGEMENT INFORMATION SYSTEM (MIS)
is a well-developed data management system that provides uniform organizational
information from all areas of the entity within a database. Information
within the database is manipulated to help management reach accurate and
rapid organizational decisions.
-
MANAGEMENT LETTER
identifies issues
not required to be disclosed in the Annual Financial Report but represent
the auditor's concerns and suggestions noted during the audit.
-
MANAGERIAL ACCOUNTING
is a system using
financial accounting records as basic data to enable better business decisions
in the areas of planning and control.
-
MANDATORY TRANSFERS
are transfers from
the current (operating) fund group to other fund groups arising out of
binding legal agreements related to the financing, e.g., in education:
debt retirement, interest, and grant agreements with federal agencies
and other organizations to match gifts and grants. Whereas non-mandatory
transfers would be transfers from the current (operating) fund group to
other fund groups made at the discretion of management to serve various
objectives, e.g., additions to loan funds, endowment funds, plant additions,
and voluntary renewal and replacement of plant.
-
MANNING VARIANCE
is the difference
between the amount of time that was expected to be worked at a machine-paced
workcenter, based on the amount of receipts of the parent part, and the
actual amount of labor hours recorded at the workcenter.
-
MANUAL TAG SYSTEM
is a inventory tracking system
used in inventory management that tracks inventory using tags removed
at the point of purchase.
-
MANUFACTURING ACCOUNT
-
MANUFACTURING COMPANY
see MANUFACTURING
CONCERN.
-
MANUFACTURING CONCERN
is an entity
that derives its products for sale, thereby revenue, through the direct
manufacture of those products.
-
MANUFACTURING OVERHEAD
is the total
cost of indirect labor, indirect materials, and other indirect expenses
associated with manufacturing products.
-
MANUFACTURING STATEMENT
see MANUFACTURING
ACCOUNT.
-
MAP
can mean Manufacturing Application
Protocol, Merchant Account Provider, Minimum Advertised Price, or Major
Accounts Processing among many others.
-
MARGIN
see GROSS MARGIN.
-
MARGIN (Stocks)
allows investors to buy securities/assets
by borrowing money from a broker/banker. The margin is the difference
between the market value of a stock/asset and the loan a broker/banker
makes.
-
MARGIN ACCOUNT (Stocks)
is a leverageable account
in which stocks can be purchased for a combination of cash and a loan.
The loan in the margin account is collateralized by the stock and, if
the value of the stock drops sufficiently, the owner will be asked to
either put in more cash, or sell a portion of the stock. Margin rules
are federally regulated, but margin requirements and interest may vary
among broker/dealers.
|
Homepage 
Financial Dictionary
M
