Glossary of Legal Terms

Medico-social expertise Determination of needs of citizens in social protection measures on the basis of evaluation of limitations of his functions caused by continuo disruption of functions of organism

Member of a cooperative with a voting right Either natural or juridical person, meeting the requirements of the present Law, accepting the Charter of the cooperative, having paid a membership fee and share contribution in the order and amount, specified by the Charter of the cooperative and having the voting right

Members of a referendum campaign group Citizens of the Republic of Azerbaijan signing the signature lists necessary for registration of a referendum campaign group

Membership fee Financial contribution of either a natural or juridical person when he joins the cooperative

Minerals Natural mineral formations in the earth crust used for production activities

Moment of announcement of the state-owned property open for privatization A time of endorsement of a decision by relevant agency of the executive power on privatization of the state-owned property

Moment of bankruptcy Moment specified in Article 18 of this Law

Moment of institution of proceedings on bankruptcy Moment specified in Article 2 of this Law

Monopoly activity Activity of economic subjects or executive power and administrative bodies which, being in one or another form monopolistic, is directed to prevention of competition, its restriction or elimination

Mortgage Is the way of securing fulfilment of obligation. Should the debtor fail to fulfil obligation secured with the mortgage (pledge), the creditor - mortgagee, in compliance with this Law, will have priority right on other creditors, for reimbursement from the cost of mortgaged property