Minority Business Loan
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Minority Business Development Agency - The Minority Business Development Agency (MBDA) is an agency in the United States Department of Commerce that promotes growth and competitiveness of the United States' minority-owned businesses. On March 5, 1969, Richard Nixon wrote Executive Order 11458, establishing the Office of Minority Business Enterprise.
Mezzanine loan - A mezzanine loan is a relatively large, unsecured loan (a loan that is not backed by a pledging of assets) with a maturity of at least five years. The loan carries a detachable warrant (the right to purchase a certain number of shares of stock or bonds at a given price for a certain period of time) or a similar mechanism to allow the lender to share in the future success of the business.
United States Senate Minority Leader - The Senate Minority Leader is a member of the United States Senate who is elected by the party conference which holds the minority in the Senate to serve as the chief Senate spokesperson for his or her party and to manage and schedule the legislative and executive business of the Senate. By custom, the Presiding Officer gives the Minority Leader priority in obtaining recognition to speak on the floor of the Senate.
Minority interest - Minority interest in business is ownership of a company that is less than 50% of outstanding shares. Revenue and expense from "minority interests" are sometimes reported on the income statement of the owning company.
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