Minority Business. Development Agency. Mission Statement. The Minority Business Development Agency is an entrepreneurially-focused and innovative organization, committed to minority business enterprise and wealth creation.
Freebase (5.00 / 1 vote) Rate this definition: Mid-ocean ridge. A mid-ocean ridge is a general term for an underwater mountain system that consists of various mountain ranges, typically having a valley known as a rift running along its spine, formed by plate tectonics.
The Mid-Atlantic Ridge extends from south of Iceland to the extreme South Atlantic Ocean near 60Â° S latitude. It bisects the Atlantic Ocean basin, which led to the earlier designation of mid-ocean ridge for features of this type. The Mid-Atlantic Ridge became known in a rudimentary fashion during the 19th century.