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

Category: Finance

PORCUPINE PROVISION

Methods adopted by large scale companies in order to secure themselves against a hostile takeover.

PORTFOLIO TURNOVER

The period of time it takes for any investment to get funded, until it is sold off or repaid.

POSITIVISM

A concept which states that only the knowledge of science is the one true knowledge of this world which can be perceived by an individual. It was established by Francis Bacon, a

POTENTIAL DOSE

A potential dose is the total amount of chemical that is present within any substance (liquid or solid) that has been swallowed by an individual.

PREDATORY LENDING

The use of several methods of lending, usually shady, which are used to gain unlawful benefits from borrowers.

PREFERRED BIDDER

A bidder who has been preferred over others, by a company who is holding an auction.

NOMINAL VARIABLES

Also known as categorical variables or the variables in financial equations that are not dependent on the rate of inflation and other such factors.

NON VESSEL OPERATING COMMON CARRIER (NVOCC)

A freight forwarder or shipment consolidator who does not have ownership of the vessel, but assumes responsibilities for the shipments and issuing its own bills of lading and airway bills.

NONBRANDED GOODS

Generic Goods that bear close resemblance to the goods produced by popular brands and establishments. And as such, they are considered to be of low quality and price due to market perception.

NONCONCURRENCY

The discrepancy that causes the underinsurance of property in the event of a loss. This occurs when the same property is covered for the same danger by different policies, but differ in

NON-EQUITY SHARE

A financial instrument such as a bond or a stock that is not a part of the other equities held by the company.

NONINSURABLE RISK

A risk with a high probability of loss, or failure to accurate measure the risk actuarially. As such, the risk cannot be insured.

NON-OCCUPATIONAL POLICY

Injuries that are sustained at work are not insured under this policy due to their coverage under the workers compensation.

NON-PRODUCT ADVANTAGE

Advantage gained by a product over its competition not by virtue of its attributes but by the creation of a distinct brand image through exclusive promotions, widespread distribution, superior customer service, etc

NON-REFUNDABLE TICKET

A ticket that prohibits monetary compensation when returned, but can be refunded for a fee.

NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)

A treaty between Canada, the US and Mexico that was legislated in 1994, which removes tariffs and other barriers to facilitate easy trade between these countries. It lasts between five and ten

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