A B C D E F G H I J K L M N O P Q R S T U V W Y Z
M/ Ma Me Mf Mi Mo Mu
Mea Med Mem Mer

Measurement ton

A space measurement usually 40 cubic feet or one cubic meter. The cargo is assessed a certain rate for every 40 cubic feet of space it occupies. Also known as cargo or freight ton.

Read More

Mediation

An attempt to resolve a dispute through discussions under the auspices of a neutral third party (mediator) where the contending parties are not obliged to accept the offered solution. This is in contrast to binding arbitration, where the contending parties…

Read More

Memorandum of Understanding (MOU)

An informal record, document or instrument that serves as the basis if a future contract. A Memorandum of Understanding between companies is a document like a contract but not binding on the parties, except when confidentiality and non-competition agreements are…

Read More

Merchant´s credit

A letter of credit issued by the buyer himself. Contains no commitment whatever on the part of a bank. See letter of credit.

Read More