marked check. A check bearing a private mark without which it is not valid.
merger. A trust.
mileage. 1. The number of miles in a railroad. 2. Distance traveled. 3. Transportation issued in continuous slips to be lifted by the conductor as used.
mortgage. A lien upon property to secure a debt, becoming void upon the payment of the obligation.
municipal bond. A bond issued by a borough, town or city having a self-governing charter of incorporation.
net. 1. Clear of all expense, as earnings. 2. Not subject to any deduction, as a price.
net cash. Immediate payment; payment on delivery of the goods.
nominal assets. All assets, particularly those of doubtful value.
non-assessable stock. Stock not to be assessed.
non-cumulative stock. Stock on which no passed dividend has to be made good; - opposed to cumulative stock.
no protest. Not to be protested if not paid.
nude contract. A contract without a consideration.