::Glossary (M)::

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Main Trading Name The name and address by which a company is best known, and under which the majority of trading takes place.

Management Buy In Where a group of managers, external to the company, buy into a company and acquire a controlling interest.

Management Buy Out A situation where the management of a company buy the business as a going concern.

Maximum Extension Period The period of time for which the Insured may postpone the original date of an invoice without notifying the Insurer once that date has been passed and the debt has not yet been paid. Once this period has expired the debt must be reported as overdue.

Member's Voluntary Liquidation The solvent liquidation of a company which claims that it is able to settle all of its debts in full within 12 months of being placed in liquidation.

Memorandum of Articles and Association A document drawn up when a new company is formed giving title to the company, details of the types of business that can be undertaken, location of registered office, limitation of liability and capital structure. This may then be changed or amended.

Moratorium When a debtor seeks from some, or all of its creditors, an extended period of time in which to repay a debt or loan. This is often accompanied by an arrangement to pay cash for all purchases being made during the period of Moratorium.