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

Category: Finance

NON-CASH EXPENSE

Expenses such as amortization and depreciation that do not involve cash transactions, yet show up on an income statement.

NON-DISCHARGEABLE DEBT

A monetary obligation that is not disbursed immediately upon the sale of an individual’s assets or his declaration of bankruptcy. These include the incurred but unpaid taxes.

NON-FINANCIAL ASSETS

Assets such as the manufacturing facility that are listed on a company’s financial statement.

NONLINEAR

1. An graphical plot of an equation, whose points do fall on a straight line, but rather a curve. 2. a procedure that does not follow a predetermined sequence.

NONPARTICIPATING

The sale of preferred stock by the company is considered a ‘nonparticipating’ investment. The stockholder is eligible for dividend payments and the cost to initiate the fund, in addition to receiving the

NON-QUALIFIED STOCK OPTION

Sometimes referred to as a NonStatutory Stock Option, these easy to set up and administer plans offer employer sponsored stock options. However, they are inferior to the incentive stock option plan as

NON-RESPONSE BID

A bid that fails to satisfy the specifications of an invitation to propose, bid,etc.

NON-VOLATILE

A material that does not vaporize or sublimate when left in the open at room temperature and pressure.

NOT IN CONTRACT (NIC)

An item that is mentioned in the contract only for reference purposes and as such has no bearing or relation to the contract.

NOTICE

A legal notification or warning that is delivered in a written format or through a formal announcement. An individual or party is considered liable if the party (1) has knowledge of the

NOTIONAL DEMAND

In equilibrium markets, the notional demand is the total quantity of goods and services demanded.

NURSE FEES

The fee paid to the nurses who work in the hospital, is mandated through this clause.

OBJECTIVE

1. The use of available resources to achieve a target(the objective), within a specified timeframe. A collection of goals is usually termed as an objective.Policy appraisals and performance appraisals are based on

OCEAN BILL OF LADING (B/L)

A bill of lading for the journey that takes places in the ocean and includes various modes of transportation such as by air or by sea.

OFF SEASON

The period of the year when the demand of a particular good or a service is the lowest in the annual cycle.

OFFICE OF PERSONNEL MANAGEMENT (OPM)

A department for federal government employees that deal with human resources. The OPM provides valuable services such as recommendation of certain individuals for promotion, innovationin the field of human resource practice and

OFFSITE STORAGE

A storage facility to protect the storage of magnetic media, microfilm, etc, usually at a remote location. Nowadays, sites rent out space on their hard drives to customers that allows easy storage

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.