M codes

Tissue-type codes for morphology of neoplasms that appear in the ICD-9-CM system. These codes are used to gather statistical data on the occurrences of specific tumors in the general population.

M&amp

AMergers and acquisitions. Because directors are intimately involved in decisions relating to merger and acquisition transactions and because directors have to some extent an inherent conflict of interest in these transactions since their continuing position with the company may be jeopardized in the event the company is taken over, courts have imposed higher standards of care upon directors in M&ampA transactions than in other corporate contexts.

M+C

Abbreviation for Medicare+Choice. See Medicare Plus (+) Choice (M+C) program, Medicare Plus (+) Choice (M+C) plan , and Medicare Part C.

Machinery Breakdown Insurance for Engineering Insurance

Policy is issued for covering loss or damage to Plant and Machinery such as Boilers/Pressure Plants with auxiliaries, electrical equipment like alternators/generators/motors/rectifiers/switchgear/transformers/mechanical plant/machinery including engines, pumps, process machinery, blowers, compressors, refrigeration plant, turbines, machine tools and presses, lifting equipment like lifts, hoists, cranes, conveyers. Policy covers unforeseen and sudden physical loss or damage by any cause (other than exclusions) while it is at work or at rest or while being dismantled for cleaning or overhauling or during cleaning or overhauling, during subsequent erection/reassembly or while being shifted within the insured premises. Loss producing event could be (a) Electrical short circuit, arcing, failure of insulation, malfunctioning of control circuits etc., (b) Mechanical e.g., faulty material, casting, vibrations, maladjustments, loosening of parts, abnormal stress, centrifugal forces, defective lubrication, failure of protective devices, (c) External/accidental e.g., entry of foreign body, impact, collision, etc. Sum Insured need be current new replacement value including transportation to site, duty, erection or installation cost. However, Policy does not cover Fire Policy risk and perils.

Machinery Clause

A clause in a machinery Insurance contract providing that, in case of loss to a machine consisting of several parts, the Insurer will not be liable for more than the insured value of the part to which loss occurs.