Modern slavery statement
An annual statement on steps taken to prevent slavery in the business and its supply chain.
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. Five hundred of them, in plain English.
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.
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23 terms filed under M, showing 21–23 (page 3 of 3).
M
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.
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