Mill: One-tenth of one cent. Some states use a mill rate to compute real estate taxes, for example, a rate of 52 mills would be $0.052 tax for each dollar of assessed valuation of a property.

 

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Mill: One-tenth of one cent. Some states use a mill rate to compute real estate taxes, for example, a rate of 52 mills would be $0.052 tax for each dollar of assessed valuation of a property.

Modigliani And Miller Proposition II: A proposition by Franco Modigliani and Merton Miller that states that the cost of equity is a linear function of the firm's debt/equity-ratio.

Modigliani And Miller Proposition I: A proposition by Franco Modigliani and Merton Miller that states that a firm cannot change the total value of its outstanding securities by changing its capital structure proportions. Also c . . . View Full Definition

Millwork: Generally all building materials made of finished wood and manufactured in millwork plants. Includes all doors, window and door frames, blinds, mantels, panelwork, stairway components (ballu . . . View Full Definition

Climb Milling: A method of milling in which the work table moves in the same direction as the direction of rotation of the milling center. Sometimes called down cutting or down milling.

Wet-Milling: A process in which feed material is steeped in water, with or without sulphur dioxide, to soften the seed kernel in order to help separate the kernel’s various components. For example, wet-m . . . View Full Definition

Two-Lip End Mill: An end-milling cutter designed with teeth that cut to the center so that it may be used to feed into the work like a drill.

Millibar (Mb): The standard unit of measurement for atmospheric pressure used by the National Weather Service. One millibar is equivalent to 100 newtons per square meter. Standard surface pressure is 1,013 . . . View Full Definition

Miller, Merton: Nobel Laureate and co-author of the famous Miller-Modigliani theorems. Finance professor at the University of Chicago.

Sémillon: Classic grape widely grown in the Bordeaux region of France and elsewhere. This grape variety has a distinct fig-like character. In France, Australia and increasingly in California it is oft . . . View Full Definition