Category: N

A less severe injury compared to partial or complete disability that is eligible for a monetary compensation. Typically includes a disability payments for a month.

Spending such as the repayment of a loan’s prinipal amount or the payment of a refund that is not charged as a usual expense.

Instruments such as the receipt of higher interest with a dividend payment, that is not recorded in a ledger account.

Activities such as strikes, result in the incurrence of a no-operating loss for the firm, although they are not related to the firm’s business operations.

A benefit plan for an employee that does mandate the filing with the IRS and as such tax deductions in exchange for contributions are not offered. Under the nonqualified plan, certain employees

A company that is located in an area which is given the status of a nonresident for tax purposes.

1. Elements of speech such as pitch, tone, speed in addition to behaviours such as facial expressions and gestures that communicate meaning. 2. The delivery of meaning or messages through a medium

An arrangement between two correspondent banks that allows both banks to keep a local currency account for each other.

1. A written statement by an individual to pay a sum of money to another individual, or the bearer of the note at a specified period in time. It is a compromise

A notice that is written by either the landlord or tenant giving a notice to leave the premises within a specified time frame, or to demand the same. The notice is typically

The probability that an item will fulfill its operations for the duration specified without being spoilt.

The gross income of the population within a country expressed in the national currency. It does not factor in the reduction in purchasing power due to inflation or outstanding debt

An individual who is given the role of a non executive director on the firm’s board of directors, in place of another person, investor or financial institution. It also refers to a

Disqualified assets such as furniture or fixtures, that cannot be listed on insurance statements due to a failure to meet state requirement

Non cash expenses such as depreciation where cash is not physically involved

Fringe benefits to the employee wherein he is not required to contribute and all related retirement plan costs are borne by the government and/or employer.

The non coverage of disability of the rider by income policies. However, it grants for the payment of medical costs that arise due to a less severe injury that does not results

A legal accounting practice that does not show an expense of cash on the income statement. For example, due to the depreciation costs involved with machinery, the prinicipal cost on a piece

A non-liability becomes a liability only when it becomes payable. For example, the contraction of a previously non-liable loan principle makes it a liability, but the loan interest is granted the status

A rented, borrowed or leased vehicle that is used primarily for business.