DefinitionIn the investment advisory industry, a management fee is a periodic payment that is paid by an investment fund to the fund's investment adviser for investment and portfolio management services. Often, the fee covers not only investment advisory services,...
What is 'Magnetic Ink Character Recognition Line - MICR' The information that appears at the bottom of a check that includes the bank's routing number, the customer's account number, and the check number. The magnetic ink character...
What is 'Management And Employee Buyout - MEBO' A restructuring initiative that involves both managerial and non-managerial employees buying out a firm in order to concentrate ownership into a small group from a widely dispersed group of...
DefinitionMisfeasance, nonfeasance, and malfeasance are types of failure to discharge public obligations existing by common law, custom, or statute. Malfeasance What is 'Malfeasance' Malfeasance is an act of outright sabotage in which one party to a contract...
What is 'Manchester Business School - MBS' The business school at the University of Manchester in Manchester, England. The Manchester Business School offers top-level MBA and doctoral programs. The school's doctoral programs have historically been ranked above...
What is 'Manufacturing Production' Manufacturing production is the creation and assembly of components and finished products for sale. Three common types of manufacturing production are make-to-stock (MTS), make-to-order (MTO) and make-to-assemble (MTA). Explaining 'Manufacturing Production' ...
What does 'Make To Order - MTO' mean Make to order (MTO) is a business production strategy that typically allows consumers to purchase products that are customized to their specifications. The make to order (MTO) strategy only...
What is a Management Investment Company (MIC)?
A MIC is a type of investment company that is regulated by the SEC. MICs are similar to mutual funds in that they both pool investors' money and invest in a variety of...
DefinitionA mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the...
DefinitionMainstream economics may be used to describe the body of knowledge, theories, and models of economics, as taught across universities, that are generally accepted by economists as a basis for discussion. It can be contrasted to heterodox economics, which...