Business glossary

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Management Contract - An agreement by which one firm allows another to manage its foreign activities on behalf of it. The managing firm is forbidden to make capital investment or financing decisions.

Manifest - Document that lists in detail al the bills of lading issued by a carrier of its agent or master (i.e. a detailed summary of the total cargo of a vessel).

Margin Account - An account maintained by an investor with a brokerage firm in which securities may be purchased by borrowing a portion of the purchase price from the brokerage, or may be sold short by borrowing the securities from the brokerage firm.

Markup - Markup is the difference between invoice cost and selling price. It may be expressed either as a percentage of the selling price or the cost price and is supposed to cover all the costs of doing business plus a profit.

Maturity - As applied to securities and commercial paper, the period end date when payment of principal is due.

Maturity Extensions - Extensions of payment beyond the original period established for repayment of a loan.

Mentor - A business, usually large, or other organization that has created a specialized program to advance strategic relationships with small businesses.

Merger - A combination of two or more corporations wherein the dominant unit absorbs the passive ones, the former continuing operation usually under the same name.

Middle Market - A market segment generally represented by financing under $2 million. In leasing this sector is dominated by single investor leases.

Multilateral Investment Guarantee Agency (MIGA) - One of the five institutions comprising the World Bank Group; MIGA’s purpose is to help encourage equity investment and other kids of direct investment flow into developing countries.

Multinational Corporation (MNC) - A corporation with operations in more than one country.

Multinational Netting - Elimination of offsetting cash flows within the multinational corporation.