What Is a Member Payment Dependent Note? Member payment dependent note refers to a note issued by LendingClub, a peer-to-peer lending company located in San Francisco, California. The income from these notes is used to make loans to club members. Key Takeaways Member payment dependent notes are speculative notes with high interest rates issued by
What Is Mental Accounting? Mental accounting refers to the different values a person places on the same amount of money, based on subjective criteria, often with detrimental results. Mental accounting is a concept in the field of behavioral economics. Developed by economist Richard H. Thaler, it contends that individuals classify funds differently and therefore are
What Is Mercantilism? Mercantilism was an economic system of trade that spanned the 16th century to the 18th century. Mercantilism was based on the principle that the world’s wealth was static, and consequently, governments had to regulate trade to build their wealth and national power. Many European nations attempted to accumulate the largest possible share of that wealth by
What Is Merchandising? Merchandising is the presentation and promotion of goods that are available for purchase for both wholesale and retail sales. This includes marketing strategies, display design, and competitive pricing, including discounting. Merchandising is important for retailers looking to cultivate their brand, improve the experience of customers, compete with others in the sector, and
What Is the McFadden Act? The McFadden Act of 1927 is a piece of federal legislation that gave individual states the authority to govern bank branches located within the state. This includes branches of national banks located within state lines. The McFadden Act was intended to allow national banks to compete with state banks by
What Is the Monetary Conditions Index (MCI)? The monetary conditions index (MCI) uses the short-term interest rate and the exchange rate of an economy’s national currency to gauge the relative ease or tightness of monetary conditions. The measure is typically used to help central banks craft monetary policy. The monetary conditions index (MCI) has become
What Is a McMansion? McMansion is a slang term that describes a large, often opulent or ostentatious, mass-produced house. The name carries a somewhat critical connotation due to the notion that McMansions lack architectural uniqueness, class, or style. “McMansion” is a play on McDonald’s fast-food restaurants but is also associated with a generic, cookie-cutter, suburban
What Is the Michigan Consumer Sentiment Index (MCSI)? The Michigan Consumer Sentiment Index (MCSI) is a monthly survey of consumer confidence levels in the United States conducted by the University of Michigan. The survey is based on telephone interviews that gather information on consumer expectations for the economy. Consumer sentiment is a statistical measurement of
What Is Management Discussion and Analysis (MD&A)? Management discussion and analysis (MD&A) is a section of a public company’s annual report or quarterly filing. The MD&A addresses the company’s performance. In this section, the company’s management and executives, also known as the C-suite, present an analysis of the company’s performance with qualitative and quantitative measures.
What Is a Mean? Mean is the simple mathematical average of a set of two or more numbers. The mean for a given set of numbers can be computed in more than one way, including the arithmetic mean method, which uses the sum of the numbers in the series, and the geometric mean method, which
