What Is Modified Internal Rate of Return (MIRR)? The modified internal rate of return (MIRR) assumes that positive cash flows are reinvested at the firm’s cost of capital and that the initial outlays are financed at the firm’s financing cost. By contrast, the traditional internal rate of return (IRR) assumes the cash flows from a
What Is a Mirror Fund? An insurance provider will create a mirror fund to replicate the performance of a high-quality mutual fund. These mirror funds come as the investment options for a variable life insurance policy. The method allows policyholders to invest in mutual funds without the requirement of investing directly in the market. Also
What Is Mirror Trading? Mirror trading is a methodology of trade selection used primarily in forex markets. It is a strategy that allows investors to copy the trades of experienced and successful forex investors and implement the same trades, in almost real time, in their own accounts. Mirror trading was initially only available to institutional
What Is a Micropayment? Micropayments are small transactions or payments usually of less than a dollar—and, in some cases, only a fraction of a cent—that are mainly made online. Micropayments are seen as a way to leverage the internet to facilitate the immediate distribution of digital rights, royalties, in-game purchases, online tipping, and even to
What Is Micro Risk? Micro risk is a type of political risk that refers to actions in a host country that can adversely affect selected foreign operations of a company that does business internationally. Micro risk can come about from events that may or may not be in the reigning government’s control. These micro risks
Micro Savings: An Overview The micro savings system is an option available to people who want to build their assets but have limited income to spare. It permits them to save even the smallest amounts of money over time in order to achieve a degree of financial security over time. Micro-savings accounts first achieved popularity
What Is a Midcap Fund? A mid-cap fund is a pooled investment vehicle (e.g. a mutual fund or ETF) that explicitly invests in the stocks of mid-cap companies, or companies with market capitalizations ranging from approximately $2 billion to $10 billion. Key Takeaways A mid-cap fund is a pooled investment, such as a mutual fund
What Is Mid-Cap? Mid-cap (or mid-capitalization) is the term that is used to designate companies with a market cap (capitalization)—or market value—between $2 and $10 billion. As the name implies, a mid-cap company falls in the middle between large-cap (or big-cap) and small-cap companies. Classifications, such as large-cap, mid-cap, and small-cap are approximations of a company’s
What Is the Middle Class? The middle class is a description given to individuals and households who typically fall between the working class and the upper class within a socio-economic hierarchy. In Western cultures, persons in the middle class tend to have a higher proportion of college degrees than those in the working class, have
What Is MENA? MENA is an acronym for the Middle East and North Africa (MENA) region. The region is typically considered to include around 19 countries, but the definition can be stretched to include up to 27. The World Bank includes 21 countries as part of MENA and based on their 2020 population reports, the
