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Malibu effect - A slang term used to describe the resilience of many waterfront property values when repeatedly damaged by natural forces.
Market conditions - An increase or decrease of real estate value due to general market conditions.
Market resistance - The risk, if any, associated with the ongoing stage of a detrimental condition analysis; includes the reluctance on the part of the real estate market to buy a property that has historically been damaged or tainted. Sometimes called stigma.
Matrix - Hard, non-friable material (e.g., concrete) that contains asbestos.
Maximum contaminant level (MCL) - The maximum level of contaminant discharge without violating regulatory standards, usually mandated by state requirements and referencing maximum levels of toxins in drinking water.
Megans Law - A federal law that requires states to facilitate the disclosure of the location of convicted sexual molesters.
Mesothelioma - A form of chest and abdominal cancer caused by asbestos exposure.
Metals - A classification of possible contaminants such as mercury or lead.
Military airport - Proximity to a military base with an airport.
Molds - A growth of fungus or other molds on a property, typically in cold or damp areas.
Monitoring facility - Equipment installed to monitor groundwater below or near an encapsulated site. Used to test if seepage or leaching is occurring on an encapsulated site.
Monsoon - A violent storm with the characteristics of heavy rains and strong winds.
Moratorium - A stop or restriction of development.
Mortgage - Debt financing where the property is used as collateral.
Movement - The movement or shifting of soils.
MRI release - The escape of magnetic fields from a medical diagnostics device.
MTBE - Methyl tertiary butyl ether, a gasoline additive.
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