Business A to Z

Every trade has words it uses without explaining. In business the cost of not knowing one is real: some of them are ordinary jargon and some of them are a decision that can take a house.

Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.

Studying business? We write GCSE revision songs, and there is one for business studies. Listen to the revision playlist.

23 terms filed under M, showing 21–23 (page 3 of 3).

M

Modern slavery statement

An annual statement on steps taken to prevent slavery in the business and its supply chain.

MRR and ARR

Also called Monthly recurring revenue, Annual recurring revenue, Recurring revenue

Predictable revenue that arrives every month or year without being resold. Valued far higher than one-off sales.

MVP

Also called Minimum viable product, Pilot

The smallest version of something that lets you find out whether it works. Often mistaken for a cheap version.

Something missing?

If there is a word you have been nodding along to, tell us and we will write it up. This library exists because of the questions people were too polite to ask.

Ask us to add a term