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Glossary of Economics Terms
beginning with letter M
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median Tweet Definition of median Like Definition of median on Facebook
noun 
  1. (statistics) The measure of central tendency of a set of values computed by ordering the values and taking the value at position ( + 1) / 2 when is odd or the arithmetic mean of the values at positions / 2 and ( / 2) + 1 when is even.
  2. The area separating two lanes of opposite-direction traffic in the United States. This area is often covered with vegetation, but also may be covered in concrete and possess traffic accident safety devices such as guardrails.
  3. (anatomy) The middlemost marquee of the body that divides the subject in a symmetrical fashion, such as a 'median sagittal section', which divides the body symmetrically on a vertical plane, as opposed to a 'parasagittal section', which is a vertical cross section that does not divide on a parallel symmetrical alignment.
adjective 
  1. Having the median as its value.
     
middleman Tweet Definition of middleman Like Definition of middleman on Facebook
noun (plural middlemen)
  1. an intermediary between two party, parties
  2. a dealer, an intermediate between the manufacturer and the retailer or customer
     

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