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| Macroeconornics |
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The study of statistics of the economy as a whole rather than as single economic units. |
| Mail Entry |
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A means of shipping and entering goods into the Customs Territory of the United States.
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| Mala Fide |
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In bad faith; a seller's representation that goods are usable for a particular purpose when in fact the seller knows that the goods are not. |
| Manifest |
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A document giving the description of a ship's cargo or the contents of a car or truck. |
| Maquiladora |
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A program which allows foreign manufacturers to ship components into Mexico duty free for assembly and subsequent
reexport. |
| Margin |
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The difference between the cost of sold items and the total net sales income. |
| Marginal Cost |
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The increase in the total cost of production that results from manufacturing one more unit of output. |
| Maritime |
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Business pertaining to commerce or navigation by sea. |
| Market Access |
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The openness of a national market to foreign products. |
| Market Disruption |
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A situation where a surge of imports of a certain product causes a sharp decline in the domestic sales of that product and creates a hardship for domestic producers. |
| Market Economy |
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An economic system where resources are allocated and production of products determined by market forces rather than by government decree. |
| Market Price |
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The price established in the market where buyers and sellers meet to buy and sell similar products. |
| Marking: Country of Origin |
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The physical markings on a product that indicate the country of origin where the article was produced. |
| Marks |
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Information placed on outer surface of shipping containers or packages such as address labels, identifying numbers, box specifications, cautions, or directional
warnings. |
| Matador Bond |
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Bond issued on the Spanish market, denominated in currencies other than the peseta Mate's Receipt |
| Mate's Receipt |
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A declaration issued by an officer of a vessel in the name of the shipping company stating that certain goods have been received on board his vessel. |
| Material Contract Terms |
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Terms in a contract that describe the goods, fix the price, and set the
delivery date. |
| Measurement Cargo |
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A cargo on which the transportation charge is assessed on the basis of measurement. |
| Medium of Exchange |
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Any commodity which is widely accepted in payment for goods and services and in settlement of debts. |
| Memorandum Bill of Lading |
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The duplicate copy of the bill of lading. |
| Memorandum of Understanding |
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An informal record, document, or instrument that serves as the basis of a future contact. |
| Memorandum Tariff |
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Publications which contain rule and rate information extracted from official tariffs. |
| Merchant's Credit |
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A letter of credit issued by the buyer himself with no commitment on the part of a bank. |
| Merchant's Haulage |
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The inland move from or to a port that has all arrangements made by the exporter. |
| Merry-Go-Round |
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The circulation of money through various sources, ending up where it started. |
| Microbridge |
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A landbridge movement in which cargo originating/destined to an inland point is railed or trucked to/from the water port for a shipment to/from a foreign country. |
| MID |
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Originally Manufacture Identification Number: A data element used by Customs.
|
| Minibridge |
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Movement of cargo from a port over water then over land to a port on an opposite coast. |
| Minimum Charge |
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The lowest rate applicable on each type of cargo service no matter how small the shipment. |
| Mixed Credit |
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The combining of concessional and market-rate export credit as an export promotion mechanism. |
| MOD Act |
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Customs Modernization and Informed Compliance Act: Passage 1992, HR 3935.
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| Money |
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Any denomination of coin or paper currency of legal tender that passes freely as a medium of exchange; anything that is accepted in exchange for other things. |
| Money Creation |
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The increase in money supply by the central or commercial banks. |
| Money Market |
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The market for short term financial instruments (i.e. commercial paper, treasury bills, discount notes). |
| Money Market Operations |
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Comprises the acceptance and relending of deposits on the money market. |
| Money Supply |
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The amount of domestic cash and deposit money available in an economy. |
| Moor |
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To secure a vessel to an anchor, buoy, or pier. |
| Moorage |
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Charges assessed for mooring a vessel to a pier or wharf. |
| Most Favored Nation |
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A non-discriminatory trade policy commitment on the part of one country to extend to another country the lowest tariff rate it applies to any other country. |
| Motor Carrier's Terminal |
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The place where loaded or empty shipping containers are received or delivered by a motor carrier. |
| Multilateral Agreement |
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An international compact involving three or more parties. |
| Multimodal Transport |
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Shipping which includes at least two modes of transport, such as shipping by rail and by sea.
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| Multinational Corporation |
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A corporation having subsidiaries in more than one country. |
