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What Is a Merkle Root? A Merkle root is the hash of all the hashes of all the transactions that are part of a block in a blockchain network. Key Takeaways A Merkle root is a simple mathematical way to verify the data on a Merkle tree.Merkle roots are used in cryptocurrency to make sure data

What Is Merrill Lynch & Co.? Merrill Lynch & Co. is the former name of a prominent Wall Street investment firm. Since its acquisition by Bank of America (BAC) in 2009, it has become known simply as “Merrill” and operates as a wealth management division of Bank of America. Founded by Charles E. Merrill in

Merton Miller was an American economist, professor, and author. Known for the development of the Modigliani-Miller theorem, he was awarded the Nobel Prize in economics in 1990 for his contributions to the field of corporate finance. Miller is the author of several books including, Merton Miller on Derivatives and Financial Innovations and Market Volatility. Merton

What Is the Merton Model? The Merton model is a mathematical formula that stock analysts and commercial loan officers, among others, can use to judge a corporation’s risk of credit default. Named for the economist Robert C. Merton, who proposed it in 1974, the Merton model assesses the structural credit risk of a company by

What Is the Metcalf Report? The Metcalf Report was a critical report on the U.S. accounting profession and the influence of the “Big 8” accounting firms, released in 1976 by Senator Lee Metcalf, who had chaired a U.S. Senate committee that examined the accounting industry. The report’s main focus was on the need for change

What Are Metrics? Metrics are measures of quantitative assessment commonly used for assessing, comparing, and tracking performance or production. Generally, a group of metrics will typically be used to build a dashboard that management or analysts review on a regular basis to maintain performance assessments, opinions, and business strategies.  Understanding Metrics Metrics have been used in

What Is a Multiple Employer Welfare Arrangement (MEWA)? A multiple employer welfare arrangement (MEWA) is a system for marketing health and welfare benefits to employers, for their employees. Also described as a “multiple employer trust (MET),” a multiple employer welfare arrangement happens when a group of employers combines their contributions in a self-contributing benefits plan

What Is Mezzanine Debt? Mezzanine debt occurs when a hybrid debt issue is subordinated to another debt issue from the same issuer. Mezzanine debt has embedded equity instruments attached, often known as warrants, which increase the value of the subordinated debt and allow greater flexibility when dealing with bondholders. Mezzanine debt is frequently associated with

What Is Mezzanine Financing? Mezzanine financing is a hybrid of debt and equity financing that gives the lender the right to convert the debt to an equity interest in the company in case of default, generally, after venture capital companies and other senior lenders are paid. In terms of risk, it exists between senior debt

What Is the Money Flow Index (MFI)? The Money Flow Index (MFI) is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100. Unlike