Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance Dictionary

MUNICIPAL UTILITY DISTRICT (MUD)

Providing utility-related services such as water, sewage, and drainage services is the job of this specific type of political entity. Enacted by state law and funded by special assessment bonds. One’s property

NAKED POSSESSION

without any legal right to do so, one’s occupying real property or having physically possessing a material object.

NATIONAL ASSOCIATION OF EXPORT COMPANIES

Banking, law, accounting, insurance, and customs information for international trade is provide to international business people by this specific type of organization. Organization members are those interested in commerce that crosses national

NAVIGATION MAP

Finding one’s way around a website, locating areas of interest, and accessing other associated websites using a specific set of information and links. Also known as site map.

NEGATIVE COVENANT

1. Constraining provision in a debt agreement, like an adhesion contract type. Limits the borrower on stated points, like a ceiling on the executives’ salaries, or prohibition on debt acquisition, or tight

NET ACCOUNTS RECEIVABLE

Accounts receivable amount collectable by the firm’s reasonable confidence. Formula: Accounts receivable minus the bad debt allowance.

NET INCREASE

New policies written and renewed as a count minus policies lapsed or cancelled as a count. The insurer easily calculates to know the total periodic business the insurer has in force.

NET OPERATING ASSETS

Business liabilities subtracted from business operating assets. Gives an accurate picture of the company’s value. Calculated as: Operating assets minus financing activities cost.

NETWORK ECONOMY

Information technology used for interlinking business processes and economic activity.

NEW FOR OLD

Instead of repairing old parts, replacing old or damaged parts by this type of purchasing new parts.

NEWLY ACQUIRED BUSINESS

A merger, takeover or other business acquisition transaction is how another company acquires this type of recently purchased business unit.

NICHE MARKETING

A small but specific and well-defined population segment is the focus of this concentrated marketing effort. As a strategy, niche marketing is aimed at being a big fish in a small pond

NO CASE TO ANSWER

Defendant’s submission that the opposing party has no case to rebut, with no evidence, and no legal grounds. End of the trial and release of the defendant comes from a successful no-case

NO SHOW

In general, an entity that fails to be where intended, when intended, without notification. 1. Person that misses a meeting he was supposed to, or who buys a ticket to a public

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