Marriage Value: The Latent Value Released by the Merger of Interests in Land
Marriage Value refers to the hidden or additional value created when two or more property interests are combined, often involving the freehold and a long leasehold of the same property.
Marshall Plan: Post-War Economic Aid and Recovery
The Marshall Plan, proposed by US Secretary of State George C. Marshall, was a large-scale program of US aid designed to help European economies recover from the devastation of World War II. It provided assistance through grants and loans to several European nations, aiming to restore financial stability, rebuild infrastructure, and stimulate production and price liberalization.
Marshall-Lerner Condition: Economic Criterion
A criterion in international economics establishing that a currency depreciation will positively affect a country's trade balance if the sum of the price elasticities of exports and imports exceeds one.
Marshall-Lerner Condition: Economic Principle and Trade Balance
The Marshall-Lerner condition is a critical economic principle stating that a devaluation will improve a country's balance of trade if the sum of the price elasticities of demand for exports and imports (in absolute value) is greater than 1.
Marshallian Demand: Understanding Demand in Economics
Comprehensive guide to Marshallian Demand (ordinary demand, uncompensated demand) and its significance in economics, exploring its types, key events, mathematical formulations, and applications.
Martingale: A Key Concept in Stochastic Processes
A martingale is a stochastic process where the conditional expectation of the next value, given all prior values, is equal to the present value.
Martingale: A Stochastic Process in Probability Theory
A comprehensive overview of Martingale: its definition, historical context, types, key events, detailed explanations, mathematical formulas, diagrams, importance, applicability, examples, related terms, comparisons, interesting facts, inspirational stories, quotes, proverbs, expressions, jargon, FAQs, and references.
Martingale Measure: Probability Measure for Discounted Price Processes
The Martingale Measure, also known as the Risk-Neutral Measure, is a probability measure under which the discounted price processes of financial assets are martingales. This concept is central to modern financial mathematics, particularly in the pricing of derivatives.
Martingale Strategy: Increasing Position Size Post-Loss
The Martingale strategy is a system in which the trader increases the size of their trading position following a loss, differing from the structured approach of grid trading.
Marxian Economics: A Comprehensive Overview
An explanation of the functioning of the economy based on the theories of the philosopher Karl Marx, focusing on labour theory of value, exploitation, monopolies, and the predicted rise and fall of capitalist societies.
Mass: Measurement of Matter and Inertia
Mass is directly related to inertia and quantifies the amount of material in an object. More mass equates to more inertia.
Mass Production: Efficient Large-Scale Manufacturing
Mass production refers to the manufacturing of large quantities of standardized products, often using mechanized processes. This method contrasts with handicraft production, which yields non-standardized, unique items.
Mass Tort: Consolidated Legal Actions
Mass torts involve multiple plaintiffs with similar claims against one or a few defendants, often consolidated in court for efficiency and consistency.
Massaging Statistics: A Critical Insight into Data Manipulation
A comprehensive look at the controversial practice of massaging statistics, its methods, historical context, implications, and real-world examples.
Master Budget: Comprehensive Organizational Planning
The Master Budget is the final coordinated overall budget for an organization, encompassing all functional, capital, cash-flow budgets, and budgeted profit and loss statements and balance sheets for a given period.
Master File: Comprehensive Overview
An extensive guide on Master Files, which hold standing data such as clients' names and addresses, covering historical context, key events, types, importance, applications, and more.
Master Limited Partnerships (MLPs): Structure and Benefits
Master Limited Partnerships (MLPs) are pass-through entities primarily operating in the natural resources sector, combining the tax advantages of a partnership with the liquidity of publicly traded securities.
Matched Bargain: Stock Exchange Transactions
A transaction in which a sale of a particular quantity of stock is matched with a purchase of the same quantity of the same stock, carried out electronically on the London Stock Exchange.
Matching: Model of Interaction between Agents
Matching refers to a model of interaction in economics, where the joint productivity or pay-offs depend on the individual characteristics of both sides. This concept is widely applied in labour market studies and propensity score matching.
Matching Concept: Aligning Revenues and Expenses
The Matching Concept in accounting is a principle that mandates revenues and the associated expenses to be recorded in the same accounting period. It ensures financial statements provide a clear, accurate representation of a company’s financial performance.
Matching Funds: Requirement for Grant Recipients
Matching Funds represent a condition where grant recipients must provide an amount of money equal to the funding they receive from an external source, often the federal government, usually on a dollar-for-dollar basis.
Matching Pennies: A Two-Player Game with Unique Mixed Strategy Equilibrium
An in-depth exploration of Matching Pennies, a classic two-player game theory problem with no pure strategy equilibrium but featuring a unique mixed strategy equilibrium.
Material Adverse Change: Definition and Importance
A detailed explanation of the Material Adverse Change clause in loan agreements, including its historical context, types, key events, importance, applicability, and examples.
Material Advisor: Key Role in Tax Planning
An in-depth look at the role, responsibilities, and regulations surrounding Material Advisors in tax planning.
Material Breach: Definition & Comprehensive Breakdown
A Material Breach is a substantial breach that goes to the very heart of the contract. It significantly impedes the fulfillment of the contract terms.
Material Control: Ensuring Efficient Production
Material control encompasses the management of materials needed for production, ensuring their availability at the right place and time, in the right quantities, and maintaining proper accounting while avoiding overstocking.
Material Cost: Understanding the Concept and Its Importance
A comprehensive guide to Material Cost, its historical context, types, key events, explanations, mathematical formulas, importance, applicability, and more.
Material Event: Essential Occurrences in Securities Investing
A Material Event is an occurrence that can significantly influence an investor's decision regarding a company's securities. These events hold substantial weight in financial decision-making processes.
Material Information: Critical Data Impacting Investment Decisions
An in-depth look at Material Information, its implications in the financial market, regulatory considerations, and real-world examples.
Material Misrepresentation: The Act of Misrepresenting, Hiding, or Distorting a Material Fact
Material Misrepresentation refers to the act of misrepresenting, hiding, or distorting a material fact, often leading to significant consequences in legal, financial, or contractual contexts.
Material Misstatement: Understanding Its Impact
Material Misstatement refers to errors or omissions in financial statements that could influence economic decisions of users. This entry delves into the definition, types, examples, and implications in the context of financial reporting and auditing.
Material Non-Public Information: Insider Trading & Regulations
Comprehensive overview of Material Non-Public Information (MNPI), its significance in finance, legal implications, and its impact on insider trading.
Material Participation: Understanding Active and Substantial Involvement in Business Operations
Material Participation refers to the active and substantial involvement in the operations of a business or trade. A taxpayer is considered to materially participate if they engage in the business activities on a regular, continuous, and substantial basis.
Material Safety Data Sheet (MSDS): Detailed Information about Hazardous Chemicals
Comprehensive overview of Material Safety Data Sheet (MSDS) which provides crucial information on the properties, handling, storage, and disposal of hazardous chemicals.
Material Transfer Note: Essential Document for Material Movement
An essential form that records the transfer of material from one accounting code to another. It includes crucial details such as material description, commodity code, job number, or accounting codes and the value of the material transferred.
Material Usage Variance: Analysis and Importance in Cost Management
Material Usage Variance refers to the difference between the standard quantity of materials allowed for actual output and the actual quantity used. This concept is fundamental in cost management and operational efficiency.
Material Witness: Impactful Testimony in Legal Cases
A Material Witness is a person whose testimony can significantly impact the outcome of a legal case. This entry covers its definition, applicability, historical context, and related legal terms.
Materiality: The Extent of Significance in Accounting Information
Materiality assesses the significance of accounting information. It considers if an omission or misstatement can influence decision-making in financial statements. As a critical accounting principle, materiality is not absolute; it varies with the size, nature of the item, and specific circumstances.
Materialman's Lien: Protection for Material Suppliers
A Materialman's Lien provides a legal claim against a property for suppliers who have furnished materials to improve the property. Similar to a Mechanic's Lien, but specifically tailored for material suppliers.
Materials Cost: Understanding Direct and Indirect Expenditures in Manufacturing
A comprehensive guide to understanding the various aspects and importance of materials cost in an organization, including definitions, types, historical context, formulas, and examples.
Materials Oncost: An In-Depth Guide
Materials Oncost refers to the additional indirect costs incurred in the production process related to the materials used. These costs are not directly attributable to a specific product but are necessary for the overall production.
Materials Requisition: Detailed Insight into Inventory Control
A materials requisition form is a crucial document in inventory management, allowing organizations to control the issuance of items from stores to specified uses. This document is used to credit stock and debit expenditure, containing essential details like descriptions, commodity codes, job numbers, or accounting codes.
Materials Requisition Note: A Comprehensive Guide
An in-depth exploration of the Materials Requisition Note, including its historical context, types, key components, importance, and applicability.
Materials Returns Note: A Record of Material Returns
A comprehensive article detailing the Materials Returns Note, its historical context, types, key events, formulas, importance, applicability, examples, and more.
Materials Returns Note (MRN): Synonym for SRN
A comprehensive guide to understanding the Materials Returns Note (MRN), its purpose, categories, and significance in various industries.
Materials Variances: A Comprehensive Analysis
An in-depth examination of materials variances, including direct materials price variance, direct materials total cost variance, and direct materials usage variance.
Maternity Pay: Comprehensive Overview of Payments for Employees on Maternity Leave
Maternity pay refers to the payments made to employees who are on maternity leave. This article delves into its historical context, types, key events, detailed explanations, importance, applicability, examples, related terms, comparisons, interesting facts, famous quotes, FAQs, and more.
Mathematical Economics: A Field Combining Economics and Mathematics
An in-depth exploration of Mathematical Economics, its historical context, key events, mathematical models, applicability, and significance in understanding and solving economic problems.
Matilda Bonds: A Comprehensive Overview
Matilda Bonds are AUD-denominated bonds issued by foreign entities targeting New Zealand investors. These bonds provide an investment opportunity with exposure to the Australian dollar and are similar to Kangaroo Bonds.
Matriculation: The Gateway to Higher Education
A comprehensive guide on the process of entering a university or college, including historical context, categories, key events, detailed explanations, and more.
Matrix Accounting: A Modern Approach to Accounting
Matrix accounting leverages the use of matrices for recording and analyzing accounting transactions and events, offering a streamlined and visual approach compared to traditional T accounts.
Matrix Operations: Mathematical Computations Involving Matrices
Matrix operations are fundamental mathematical computations applied to matrices, essential for various fields including mathematics, computer science, and engineering. They involve processes such as addition, subtraction, multiplication, and finding inverses.
Matrix Structure: A Hybrid Organizational Framework
An in-depth exploration of Matrix Structure in organizations, explaining its historical context, key characteristics, advantages and disadvantages, examples, related terms, and more.
Maturity: The End Date of a Financial Obligation
Comprehensive coverage of the concept of 'Maturity' in finance, including its significance, types, and examples.
Maturity Date: Definition and Importance in Finance
The maturity date is the date on which a document, such as a bond, bill of exchange, or insurance policy, becomes due for payment. It is crucial in financial planning and investments.
Maximum Contributory Earnings: Understanding YMPE
An in-depth look at the concept of Maximum Contributory Earnings, synonymous with YMPE, which sets the upper limit of earnings subject to CPP/QPP contributions.
Maximum Likelihood Estimation (MLE): Method to Estimate Parameters by Maximizing the Likelihood Function
A comprehensive look at Maximum Likelihood Estimation (MLE), a method used to estimate the parameters of a statistical model by maximizing the likelihood function. This article covers its historical context, applications, mathematical foundation, key events, comparisons, and examples.
Maximum Likelihood Estimator: Estimating Distribution Parameters
Maximum Likelihood Estimator (MLE) is a statistical method for estimating the parameters of a probability distribution by maximizing the likelihood function based on the given sample data.
Maximum Pensionable Earnings (MPE): Understanding Limitations in Pension Contributions
Maximum Pensionable Earnings (MPE) is a critical concept in pension planning, referring to the earnings beyond the Year’s Maximum Pensionable Earnings (YMPE), which are excluded from calculations of pension contributions and benefits.
Maximum Stock Level: Inventory Management
A comprehensive article on Maximum Stock Level, an essential concept in inventory management that defines the highest amount of stock that should be maintained to meet demand without overstocking.
Maysir (Gambling): Understanding Prohibitions in Islamic Finance
Maysir or gambling involves games of chance and is forbidden in Islamic finance due to inherent uncertainties and potential harm. Explore its definition, historical context, applicability, related terms, and more.
MBA: Master of Business Administration Degree
A comprehensive overview of the Master of Business Administration (MBA) degree, aimed at enhancing leadership skills in business operations, management, and strategy.
MBO: Management Buy-Out & Management By Objectives
An in-depth look at Management Buy-Out (MBO) and Management By Objectives (MBO), exploring their definitions, historical contexts, types, key events, explanations, examples, and importance in business and management.
MBOE: 1,000 Barrels of Oil Equivalent
MBOE stands for 1,000 barrels of oil equivalent, a unit of energy commonly used in the oil and gas industry to compare various forms of energy.
MBR: Master Boot Record - Traditional Partitioning Scheme
The Master Boot Record (MBR) is a traditional partitioning scheme used in conjunction with BIOS for initializing the booting process on computers and managing partitions on storage devices.
MBS: Mortgage-Backed Securities
Mortgage-Backed Securities (MBS) are debt obligations packaged and sold by entities like Fannie Mae.
MD&A: Management Discussion and Analysis
Management Discussion and Analysis (MD&A) is a section within a company's annual report or quarterly filing that provides a comprehensive overview of its performance, financial condition, and future prospects.
Meade Review: A Transformational Analysis of the UK Tax System
An in-depth exploration of the Meade Review, a pivotal examination of the UK tax system chaired by Nobel Laureate James Meade, and its significant recommendations published in the 1978 Meade Report.
Meal Kits: Pre-portioned and Pre-packaged Ingredients for Cooking
Meal kits are pre-portioned and pre-packaged ingredients used to cook a complete meal. They offer convenience, variety, and ease for those looking to prepare home-cooked meals without the hassle of grocery shopping.
Mean: Understanding the Arithmetic Mean
The arithmetic mean is the average of a set of numbers, calculated by dividing the sum of all the values by the total number of values.
Mean: A Measure of Central Tendency
The mean is a measure of central tendency in statistics, widely used to determine the average of a set of numbers. This article explores different types of means, their applications, mathematical formulas, and historical context.

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