Category: N

An offense that has led to the rejection of bail for the accused.

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.

A continuous flight journey between the point of embarkation and the point of disembarkation.

1. Statistics: With the help of comparisons and peer review, it is the standardization of data that is obtained from various sources spanning different periods. 2. Database Programming: The process that involves

Items that do not meet the specifications of a set criteria or classification.

This notice is a legal requirement that has to be issued by the lender before the intended sale of the mortgaged property due to foreclosure.

A quality control chart that is used to determine the number of defective units in a random sample. It is used as an evaluation of the process’ stability in instances where the

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