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Management

Collective term for those persons responsible for the day-to-day running of a business.

Management Accounting

Reporting accounting information within a business, for management use only.

Market Value (of a Share)

The price for which a share could be transferred between a willing buyer and a willing seller.

Marking to Market

Valuing a marketable asset at its current market price.

Margin

Profit, seen as the 'margin' between revenue and expense.

Matching

Expenses are matched against revenues in the period they are incurred (see also accruals basis).

Material

See materiality.

Materiality

Information is material if its omission or misstatement could influence the economic decisions of users taken on the basis of the financial statements.

Maturity

The date on which a liability is due for repayment.

Maturity Profile of Debt

The timing of loan repayments by a company in the future.

Memorandum (for a Company)

Document setting out main objects of the company and its powers to act.

Merger

Two organisations agree to work together in a situation where neither can be regarded as having acquired the other.

Minority Interest

The ownership interest in a company held by persons other than the parent company and its subsidiary undertakings. Also called a non-controlling interest.