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

Category: Finance Dictionary

MULTIPLE SOURCING

Using many different providers of components and services in the production process. This reduces production risk to the supply chain if it has a problem and keeps production on track in the

MUNICIPAL IMPROVEMENT CERTIFICATE

To fund projects, local governments used this specific type of certificate . The loans issued with this certificate are interest and tax free. This helps minimize the cost to the local governments

MYSTERY SHOPPER

Posing as a casual shopper, gathering information on the stores’ display, prices, and sales staff quality, this specific type of person is hired by a market research firm or a manufacturer to

NASDAQ OTHER

This system keeps tabs on certain bids and offers not listed on NASDAQ or not quoted.

NEGATIVE SUM GAME

Decision theory’s ‘lose-lose’ situation. All participants lose as the negatives or losses outweigh the positives or winnings, and no one leaves with anything positive or any winnings. Also refer to positive sum

NESTED

1. Each member is contained in or contains the next items in a set forming a chain, hierarchy, or sequence. 2. Different sized hollow articles, like boxes, a the smaller one placed

NET CONTRIBUTION

After subtracting all necessary deductions, this is the amount that remains.

NET INCOME MULTIPLIER

An asset’s worth as an amount, calculated over time, measuring the asset’s income produced.

NET MIGRATION RATE

People moving into a country counted minus people moving out of the same country counted. High migration counts (in) or emigration counts (out) can cause unemployment problems in specific areas as either

NET QUICK ASSETS

After operating expenses are deducted, conversion to cash easily occurs with these valued instruments.

NET TANGIBLE ASSETS

Calculated as: all intangible assets’ fair market value totaled minus (Goodwill plus Total liabilities).

NETWORK ANALYSIS

Decomposing a complex project’s data into detailed components and showing their interdependencies and interrelationships by plotting. These components are activities, events, durations, and the like.

NEW ECONOMICS

This specific term is for the recent economic transition to a dependency on technology, its advancement, and information exchange. Information technology (IT) increasingly connects this the new business environment. Industry-accepted to have

NEWCO

Any new company, especially one issuing an initial public offer (IPO), for example.

NEXUS

A point of causal intersection, link, relation, connection.

NITROGEN (N)

Inert gas. 78 percent of the Earth’s atmosphere by volume and about 77 percent by weight is nitrogen. Colorless, odorless, tasteless, and non-toxic, it maintains at these levels by the nitrogen cycle.

NO RECOURSE

Inability to obtain a judgment against, or reimbursement from, a defaulting or opposing party. This notation indicates a lack of means or legal right.

NOMINAL ACCOUNT

Period-ending at near-zero balanced revenue or expense account as an owners’ equity account subdivision. A zero balance at the beginning of a new accounting period, accumulates balances during the period, and at

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