What Is Mass Merchandising? In the context of the insurance industry, mass merchandising is a method for selling insurance in which an employer, association, or other organization agrees to assist in the sale of insurance policies to its respective members or employees. For example, a teacher’s union that agrees to market a particular insurance product
What Is Mass Payment? Mass payment is a method of paying multiple recipients online simultaneously. Instead of typing in each recipient’s payment information separately, users can upload a spreadsheet containing all the relevant data or use a mass payments application programming interface. Mass payments can be set up as one-time transactions or, if the payment
What Is Mass Production? Mass production is the manufacturing of large quantities of standardized products, often using assembly lines or automation technology. Mass production facilitates the efficient production of a large number of similar products. Mass production is also referred to as flow production, repetitive flow production, series production, or serial production. In mass production, mechanization is used to
What Is a Master Brand? A master brand is an overarching brand name that serves as the main anchoring point on which all underlying products are based. Master branding is one of the main tent-poles in branding architecture that aims to link a company’s product-lines with the key values the brand represents. While individual products
What Is a Mastercard Acquirer? A Mastercard acquirer is a merchant bank or other financial institution that accepts and processes transactions made with a Mastercard. Mastercard partners with institutions all over the world to offer Mastercard-branded payment cards. Mastercard payment cards exclusively use its network for processing all transactions. Payment cards may be credit, debit
What is Master Certificate A Master Certificate is a document that formalizes a reinsurance agreement. These certificates provide details about the parties involved in the agreement, the risks covered, and the laws that the agreement is governed under. If the ceding insurer and reinsurer make amendments to the reinsurance agreement, they may restate the master
What Is a Master-Feeder Structure? A master-feeder structure is a device commonly used by hedge funds to pool taxable and tax-exempt capital raised from investors in the United States and overseas into a master fund. Separate investment vehicles, otherwise known as feeders, are established for each group of investors. Investors put capital into their respective
What Is a Master Fund? A master fund is a collective pool of assets used in a master-feeder investment structure, which offers the benefit of reduced operating costs and trading expenses. Master Fund Explained A master fund is an investment fund used for transacting securities when a master-feeder structure is utilized. A master-feeder structure builds on the
What Is a Master of Public Administration (MPA)? A master of public administration (MPA) is a master’s degree in public affairs that prepares recipients to serve in executive positions in municipal, state, and federal government and nongovernmental organizations (NGOs). The program’s focus centers on principles of public administration, policy development and management, and implementation of
What Is the Master-Servant Rule? The master-servant rule is a legal guideline stating that employers are responsible for the actions of their employees. It applies to any actions an employee undertakes while in the service of an employer that is within the scope of their duties for that employer. This concept may also go by
