Man of Straw - Effectively a nominee settlor or grantor who creates an offshore trust but often has no further connection with the trust once it is created.
Managed Bank - An offshore bank also known as a Class "B" or Cubicle Bank. The Managed Bank is not required to maintain a physical presence in the licensing jurisdiction. Its presence in the licensing jurisdiction is passive with nominee directors and officers provided by a managing trust company with a physical presence. The Managed Bank is not permitted to transact business within the licensing jurisdiction but may maintain its books, records, etc., to assure secrecy of operations.
Medium Term Notes - An instrument in which a bank acknowledges indebtedness for a specified sum, often debentures (i.e. not secured by specific assets).
Merchant Bank - A European form of an Investment Bank.
Mini-Trust - A short (usually preprinted) form of a trust, often used as a confidentiality enhancer, to bridge the ownership and management of an International Business Company. The Mini-Trust is intended only to pass assets on the death of the settlor, i.e. a will substitute.
Money Supply - The total of all money and money substitutes (demand deposits and currency outside of banks).
MTN - Medium Term Note. A guarantee issued by a bank with a maturity between 1 and 10 years and paying interest (often 10 years with a 7 1/2% coupon).
Mutual Legal Assistance Treaty - A treaty which provides for mutual legal assistance, including the exchange of information, etc., in cases where criminal offenses have been committed.