Category: N

Advertisements such as public service announcements that are aimed at educating the consumers or instilling an idea in them. They are often used in the electoral process to gain votes.

A will stated by a person on his death bed in the accompaniment of witnesses.

In the event of any foreclosure action against the landlord, this agreement between the tenant and the landlord’s lender ensures that the tenant is not robbed of possession of his leased party.

The policy payments that the insured is entitled to in the event of a cesation of payments. The insured has a choice between the cash surrender value, the paid up surrender value,the

Bill of Lading that prohibits use of endorsement to transfer.

A market situation which exists due to the fear of a price war. As such, competitors do not reduce prices. They however, focus on building a distinctive image for their brand through

One time charges that are levied on goods and services.

Cost that cannot be assigned to any task or function due to the lack of sufficient data for its assignment. As such, it assigned on an arbitary basis.

A evaluative rather a descriptive approach used to determine the degree of conformity to the standard norms or recommendations. For example, normative data is used to understand the underlying phenomenon rather than

When the amount available in the drawer’s account is less than the amount stated on the check, the bank reserves the right to return the check to the depositor. When this occurs,

When negotiations break down between the labor union and the employer, this notice is issued by the labor union to the relevant government authorities stating its intent to suspend all activities and

A material that possesses radioactive properties. Nuclear materials such as Uranium 233 or 235 are used to produce nuclear energy.

Return on an investment given in current dollars, without taking into account the effects of compounding, discounting or inflation.

An activity whose removal will not affect a process as it usually generates a zero or negative return of investment on resources.

Also referred to as nonbank financial companies, these are financial companies that perform the traditional duties of a bank without the possession of legal banking classification.

A clause in a business sale transaction that denies access to the seller from conducting a similar business in the specified area for a certain period of time, usually three years.

1. Asset that is not eligible for conversion into cash within a year of the date of the balance sheet. 2. Capital goods such as machinery which are not expected to be

A clause, that is also referred to as coordination of benefits, states that the benefits of the insurance will not cover the same losses that are covered by another insurer.

Methods that do not encompass the “generally accepted accounting policies”, to calculate the financial information about companies. The real value of the company is difficult to analyze due to a lack of

An instrument such as a document or a financial instrument that cannot be transferred between the holder and any other individual or institution.