MYSTERY

A trade, art, or occupation. 2 Inst 008. Masters frequently bind them- selves in the indentures with their apprentices to teach them their art, trade, and mystery. State v. Bishop, 15 Me. 122; Bar- ger v. Caldwell, 2 Dana (Ky.) 131.

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MYSTERY SHOPPER

Posing as a casual shopper, gathering information on the stores’ display, prices, and sales staff quality, this specific type of person is hired by a market research firm or a manufacturer to visit retail stores.

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MYSTIC TESTAMENT

In the law of Louisiana, a closed or sealed will, required by statute to be executed in a particular manner and to be signed (on the outside of the paper or of the envelope containing it) by a notary and seven witnesses as well as the testator. See Civ. Code La. art 1584. N. 802 NARRATIVE N

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MUTUAL COMBAT

is one into which both the parties enter voluntarily; it implies a common intent to fight, but not necessarily an exchange of blows. Aldrige v. ‘State, 59 Miss. 250; Tate ?. State, 46 Ga. 15&

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MUTUALITY OF ESTOPPEL

the term applied to an agreement where the parties are not bound unless both parties are bound.

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MUTUAL COMPANY

Firm like a mutual insurance company that is established for its shareholders’ benefit. Shareholders are called members. In proportion to the business amount done with the firm, the firm’s profits is given to each member as dividends.

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MUTUAL FUND

Managed by finance professionals, a chosen and balanced set of securities are sold to the public, raising capital by selling shares known as units in this specific type of investment vehicle.

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MUTUALIZATION

Retiring the purchased stock of an insurer. Converting a stock insurer to a mutual insurer is done this way.

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MUTUAL FUND CASH-TO-ASSETS RATIO

Invested mutual funds total that can be readily converted to cash. A low ration finds the fund manager predicting a higher stock yield based on market prices to encourage investors. Too high a ratio finds investors buying and the fund manager unable to account for all the transactions.

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