Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• MODIFICATION AGREEMENT - a written agreement between a financial institution and a borrower that change...
  
  
• MODIFIED ACCELERATED COST RECOVERY SYSTEM - Commonly referred to as MACRS(pronounced "makers"), a depre...
  
  
• MODIFIED ACCELERATED COST RECOVERY SYSTEM (MACRS) - A 1986 act that set out rules for the depreciation ...
  
  
• MODIFIED ACCRUAL BASIS - accounting is a mixture of the cash and accrual basis. The modified accrual ba...
  
  
• MODIFIED ADJUSTED GROSS INCOME (MAGI) - Some deductions and credits rely not on a taxpayer's adjusted g...
  
  
• MODIFIED AMERICAN OPTION - See Bermuda option.
  
  
• MODIFIED DURATION - Macaulay duration adjusted for compounding. The figure for Macaulay duration is div...
  
  
• MODIFIED ENDOWMENT CONTRACT - Life insurance in which funds such as policy loans, assignments, pledges,...
  
  
• MODIFIED FEE-FOR-SERVICE - Reimbursement is based on the actual cost of services, taking into account p...
  
  
• MODIFIED GAP - A term used to describe a variety of gap analysis methodologies that make modifications ...