Business Letters Index
Commercial Terms starting with M.
Manifest : A list of goods on board a ship/aircraft.
Margin : A percentage deposited with a broker t secure him against loss by violent fluctuation of price.
Market Cheque : It is a cheque marked by the drawer banker guaranteeing for its being good for payment.
Market area : That territory within which the product’s purchase or sale affects the price generally prevailing for that commodity.
Market value : The price at which stocks, bonds, notes or goods sell in a given time.
Market Price : The price at which the goods are exchanged in the market from day-to-day or current ruling price in the market.
Maturity date : A date on which an obligation is due.
Maturity value : The amount, which must be paid on the date an obligation, is due.
Memorandum of Association : It is a document, which indicates the name, address, objects and powers, the limitation of member’s liability and the share capital of the company. It further defines the limits of the field of operation.
Mortgage : A deed transferring property to a creditor as security for the payment of a debt.
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