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MAI:
... acronym for The Appraisal
Institute certification of real
estate appraisers explained, along with its SRA, SRPA
designations at http://www.appraisalinstitute.org/designations.
For more information, EzineArticles.com answers the question: What
Is An MAI Appraisal?
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what is an mai / what does sra
mean / what does srpa
stand for
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maintenance fee:
... charge levied against the owner or occupant of a property
for its upkeep and repair.
maker:
... a borrower who executes a promissory
note, thus
becoming primarily liable for payment to the lender.
The maker of a check is known as the
drawer. See the General
Cash Safeguarding Manual published
online by New Mexico State University, Las Cruces, NM.
mall:
... an area set aside or constructed,
generally, for pedestrian traffic more;
a
pedestrian walk-around
area. A shopping
mall is designed to invite walking
from store to store.
management:
... the individual or group in charge
of running an enterprise;
the act of overseeing, directing, supervising or superintending
(to
manage), one of two entities at the top tier of
the division of labor,
both of which seem to be inherently at odds. The division
of a working
population into management and labor
has served the instigators of chaos and conflict well since
the beginning of the Industrial
Revolution. Given
that division
of labor may also defined as a way of dealing
with work by identifying
tasks that can be placed in the hands of
specialists for quality productivity, efficiency, and control,
conflict arises when there is real or perceived mismanagement.
See the
resource paper, The
Transformation of Labor-Management Conflicts, published
online by Beyond Intractability.org,
Christopher Honeyman, writer, for more information about labor's
confrontations with management.
manufacture and trade:
... the sector of an economy made
up of manufacturing enterprises in
combination with those engaged in the conveyance of products
to customers.
manufacturer:
... an enterprise that uses a mechanical
process to produce a artifact or substance from
components, compounds or raw materials; an industrial
enterprise that makes or
processes a product; an operating entity within manufacturing
industry.
manufacturers council:
... an assembly of
representatives of industrial
enterprises, their allies,
and service providers. It may also be referred to as an
industrial council. Either way its an association for for
purposes of addressing issues and opportunities, such as
training, productivity, operations, competitiveness, and
development. Council meetings are places for networking
and facilitating community relationships. Councils may
be affiliated with chambers
of commerce, government agencies, or educational and training institutions
that provide services for entrepreneurial and/or workforce developmentexample.
manufacturing base:
... that which supports an economy,
either wholly or in part, as its all-inclusive group of
employers of workers who make
products; all enterprises accounted
for in the economic
base of
a location having
an industrial classification identifying them as makers
of products.
manufacturing industry:
... an information sheet published online
by the California Employment Development Department defines
it as ... businesses engaged in the
mechanical or chemical transformation of materials
or substances into new products ... (and
)
usually described as plants, factories, or mills and
characteristically use power driven machines and material
handling equipment. Businesses engaged in assembling
component parts of manufactured products are also
considered manufacturing (by the CAEDD) if the
new product is neither a structure nor other fixed improvement.
Also included is the blending of materials, such as lubricating
oils,
plastics, resins, or liquors. (source)
mandamus ... a writ ordering
or prohibiting performance of certain activity.
market:
... a venue where the forces of supply
and demand are interactive; an area identified
through market analysis as
a location having
buyers; a venue where buying and selling takes
place; a
gathering for negotiations, sales transactions and business
development. a marketplace, such
as a store; a category of location
data that appears in a community
profile as a header for promotional information
about the vitality of an area or locale from
the standpoint of its ability to support commercial
enterprise development. As a marketing term,
the word refers to a profiled, targeted or
otherwise
selected group that has the potential for being interested
in a product, service or, in the case of enterprise
and economic development, a locationsee
the definition of place
of interest.
marketable title:
... ownership recognition; a right-to-sell
that is good or clear and reasonably free from risk of
litigation over possible defects or challenge and otherwise
acceptable to the purchaser.
market analysis:
... the examination of an area by its demographics in
order to determine the potential for selling a product
or service.
Conduct
a Market Analysis provided
online by Virtual Advisor Inc. An
analysis of a market includes gathering information about
competitors. Predicting the future of a market (market
analysis) is different from conducting a marketing
analysis (marketing
research) although the terms
are
associated.
market appraisal:
... the examination of a property or
real estate site that formulates and helps support an opinion
about its valuesee
the definition
of appraisal for the meanings of market approach, income
approach and cost approach to making real estate appraisals.
Market appraisal is defined under under real estate market
analysis (above) to emphasize that
the two are not the same thing.
marketing:
... the all-inclusive activities that
take place between the point of letting it be known that
the decision is made to offer a product or service into
a market and its purchase therein.
In setting forth its definition it has been written that ... the
entire set of approaches to economic development practice
may be considered as a specialized form of marketing. The
definition applies specifically to those practitioners
who drive the process as representatives of locations seeking
economic
development. See the .network marketing
resource file.
marketing plan ... delineation
of an approach for taking advantage of a market.
market value:
... the theoretically established highest
price a willing buyer would pay and the lowest price a
willing seller would be willing
to accept. A link to the Wikipedia definition of market value is
included with its webpage
about real estate appraisal.
master plan:
... an guide for a course of action positioned
in a manner of authority above all others; a comprehensive
design, drawing, or document that is an authoritative guide or set
of instructions that covers other related designs, drawings,
or documents, an illustrated and/or documented course of
action for developing a master-planned real
estate site.
A master-planned community or new
town, for example, is
developed with an authoritative guide that address such
things as
zoning,
environmental considerations, public services, protection
against the creation of
public burdens, and the transfers of ownership and responsibilities
from an original ownership to an associated group ownership.
maturity ... the time when
an indebtedness, such as a loan, becomes due for settlement.
meeting of the minds ... an
agreement reached by parties negotiating a contract.
metes and bounds:
... terminal points and angles used to
describe real estate by boundary dimensions.
metro:
... an acronym for metropolitan which
describes a city
and its suburbs as a whole; the urban sprawl that surrounds
a city and is associated with it by name although there
may be a number governmental jurisdictions within it; an
urban
area that qualifies as a metropolis within
a
city-region;
a metropolitan
area defined statistically,
for example, an MSA. CLICK
HERE for
access to a historical presentation/links of definitions
used by the US Census Bureau for presenting metropolitan
area statistics in its publications.
micro-enterprise:
... any organized effort by five people or less
intended to return a profit or provide a service or product
to an outside group based on definitions indicating that
a small business has from 6 to 20 employees and a medium-size
business has from 21 to 200; a nanocorp.
micropolitan:
... designation for a community that
is too urban to be called rural and too rural to be called
urban; a demographic category for an area with urban
statistics but having rural or small town values and
influences that can be observed and that drive its economic
stability and development; a location that
gives identity to a city-region and
by .network definition has a contact in
position to supply economic
development data . The Network first found micropolitan
area defined by the US Census Bureau (source).
mill:
... one-tenth of one cent as used by some governments
in the USA to compute property taxes. The process is called
establishing or setting a mill rate or millage rate. The
millage rate is the property tax rate stated in terms of
tenths of cents in tax per dollar of property value.
mineral rights:
... an entitlement to content. beneath
the surface of the land which usually includes a legally
recognized permission to do something, such as to
profit from the extraction of substances.
mission:
... a task defined in a way that aids
performance. A mission statement should be
concisely written and set the stage for presenting goals and objectives.
It should motivate people who should be involved, causing
them to want to participate. The
Network has a mission.
MO:
... Modus
Operandi, Method of Operating, Mode of Operating;
i.e., a stated or identified routine and unvarying or
habitual procedure maintained to keep an operation functional.
For example,the MO
of The Network is, in part,
to furnish free and open access to resource
suppliers and
service
providers engaged with those
who make up its target
user group. Also, part
of the MO is to allow users to build The
Network with
resources and share.
moratorium:
... temporary suspension of payments
due under a financial or tax agreement. For example a governmental
body may offer a tax moratorium
as an incentive to entice a business to locate and/or start up operations
in its jurisdiction. In general, a moratorium is any authorized suspension
of an activity or period of delay in performance.
MSA:
... acronym for a US Census Bureau term
that may either stand for Metropolitan Statistical Area
or Micropolitan Statistical Area. US Government definitions
have changed over time. See
file that defines city-region in Site Location Assistance.com for more about the term
metropolitan
and other types of area identifications used
when generating statistics as well as information used
in presentations by area
and local development representatives.
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