What is a MIST case?

It dawned on me that some people reading this may not know what a MIST case is. So, here are some definitions:

Actual - Minimum Impact, Soft Tissue (M.I.S.T.)

Practical - Any car crash with less than $1,500 in property damage and a soft tissue type injury, i.e. neck or back pain, sometimes called "whiplash."

Note that some insurance companies may call these by other names. These include:

LVI - Low Velocity Impact
LIST - Light Impact Soft Tissue.