Jargon Buster – M

Word
Meaning

Market Value

The recommended amount for which something can be sold on a given market.

Memorandum of Association (MOA)

A legal document prepared in the formation and registration process of a Limited Liability company (LLP) to define its relationship with shareholders.

Minutes

A measurement of time

Minimum Wages

The lowest an organisation can pay a person

Maternity Rights

A pregnant employee has the right to have statutory maternity pay

Moratorium Period

A time where a borrower does not have to pay back a lender. See Lender

Model articles

The most popular form of articles for UK businesses

Method Statement

A business document that has detailed information of the process of a work task