-NeeBo Glossary-

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-M-

• Management � People who administer a company, providing the support necessary to implement the owners' business objectives.


• Marketing � Process of researching, promoting, selling and distributing of goods or services and includes advertising, public relations, promotion, pricing, sales and distribution.


• Market research � A systematic, objective analysis of data about a target market, competition, and/or environment.


• Maturity � A loan's maturity is the life of the loan; that is, how long you have to repay the loan. It usually applies to term loans and not lines of credit.


• Merchandise � Movable goods such as cars, appliances or textiles.


• Merchant bank � British term for a bank that specializes in providing various financial services such as accepting bills arising out of trade, underwriting new issues, and providing advice on acquisitions, mergers, portfolio management and foreign exchange.


• Merger � Also known as an M&A, or merger and acquisition. An acquisition in which all assets and liabilities are absorbed by the buyer. More generally, any combination of two companies.


• Multilevel Marketing � Selling products by using independent distributors who build and manage their own sales force by recruiting, motivating, supplying, and training others to sell products. Compensation includes a percentage of the sales of their down line sales group.


• Multi-Lender Environment � Numerous lending institution sharing the same site and information to provide instant financing to small businesses.