What is a 'Make-Or-Buy Decision' A make-or-buy decision is the act of choosing between manufacturing a product in-house or purchasing it from an external supplier. In a make-or-buy decision, the most important factors to consider are part...
What is 'Major Fraud Act Of 1988' A piece of legislation passed during the Reagan administration that modified and strengthened previous fraud legislation. Among the many changes, the Major Fraud Act of 1988 increased the maximum penalties...
What is 'Mandatory Redemption Schedule' Specified dates when a bond issuer is required to redeem all or a portion of the outstanding issues of a bond prior to its maturity. The issuer might be required to redeem...
What is 'Maintenance Expenses' The costs incurred to keep an item in good condition and/or good working order. When purchasing an item that requires upkeep, consumers should consider not just the initial price tag, but also the...
What is 'Macroeconomic Swap' A type of derivative designed to help companies whose revenues are closely correlated with business cycles to reduce their business-cycle risk. In a macroeconomic swap, also called a macro swap, a variable stream...
What is 'Madeira Escudo' The former currency of Madeira, an island off the coast of Portugal. The Madeira escudo was used as Madeira's currency until it adopted the euro along with Portugal on January 1, 2002. Madeira...
What is 'Make To Assemble - MTA' A manufacturing production strategy where a company stocks the basic components of a product based on demand forecasts, but does not assemble them until the customer places an order. This...
What is a Master Limited Partnership
A master limited partnership (MLP) is a type of business partnership that is publicly traded on a stock exchange. MLPs are popular with investors because they offer the high yields of a traditional partnership...
Modern economies often utilize a set of complex system of measurements. This is certainly true when it comes to the stock market and international trading. One of the most well known measurements in trading today is the modern day...
What is a maintenance bond
A maintenance bond is a type of surety bond that is often required by municipalities in order to guarantee that a contractor will perform the agreed-upon maintenance on a construction project. The bond protects the...