What Is a Monopolistic Market? A monopolistic market is a theoretical condition that describes a market where only one company may offer products and services to the public. A monopolistic market is the opposite of a perfectly competitive market, in which an infinite number of firms operate. In a purely monopolistic model, the monopoly firm
What Is a Monopsony? A monopsony is a market condition in which there is only one buyer, the monopsonist. Like a monopoly, a monopsony also has imperfect market conditions. The difference between a monopoly and a monopsony is primarily in the difference between the controlling entities. A single buyer dominates a monopsonized market while an
What Is a Monte Carlo Simulation? A Monte Carlo simulation is used to model the probability of different outcomes in a process that cannot easily be predicted due to the intervention of random variables. It is a technique used to understand the impact of risk and uncertainty. A Monte Carlo simulation is used to tackle
What Is Monthly Active Users (MAU)? Monthly active users (MAU) is a key performance indicator (KPI) used by social networking and other companies to count the number of unique users who visit a site within the past month. Websites generally recognize monthly active users via an identification number, email address, or username. MAU helps to measure
What Is a Month-to-Month Tenancy? A month-to-month tenancy is a periodic tenancy created when the renter is granted possession of the property with no definite expiration date and pays the owner on a monthly basis. This tenancy is most commonly found in residential leases. In situations wherein there is no written agreement, tenancy is also
What Is the Montreal Exchange (MX)? The Montreal Exchange (MX) is a Canadian, fully electronic derivatives exchange. The MX currently lists equity derivatives, currency options (options on the U.S. dollar), index derivatives, and interest rate derivatives (bond and money markets). It is Canada’s oldest exchange and Quebec’s main financial derivative market. Previously known as the Montreal Stock
What Is Moody’s? Moody’s Corporation (MCO) is the holding company that owns both Moody’s Investors Service, which rates fixed income debt securities, and Moody’s Analytics, which provides software and research for economic analysis and risk management. Moody’s assigns ratings on the basis of assessed risk and the borrower’s ability to make interest payments, and its
What Is the Darla Moore School of Business? The Darla Moore School of Business is the business school of the University of South Carolina. Founded in 1919 and located in Columbia, South Carolina, the school offers both undergraduate and graduate programs. The Darla Moore School of Business is perhaps best known for its undergraduate program
What Is a Modified Pass-Through Certificate? A modified pass-through certificate is a type of fixed-income security that provides investors with income generated from a pool of underlying assets or loans. They are commonly issued by U.S. federal agencies such as the Government National Mortgage Association (GNMA). Key Takeaways A modified pass-through certificate is a type
What Is the Modigliani-Miller Theorem (M&M)? The Modigliani-Miller theorem (M&M) states that the market value of a company is correctly calculated as the present value of its future earnings and its underlying assets, and is independent of its capital structure. At its most basic level, the theorem argues that, with certain assumptions in place, it
