Category: N

A type of contamination that results in the excessive growth and algae that is caused by the release of plant nutrients into the water or soil. This causes oxygen depletion to the

A price quote on the value of a futures contract that has not been bid on for a long duration. Also referred to as nominal price, nominal quotation or subject quote

Tickets that can be claimed for travel only on the carrier that it is issued for.

A policy with a set premium amount such that extra premiums cannot be added

The instrument usedby brokers at the start of a business transaction to ensure (1) that they are not bypassed and (2) the non disclosure of the negotiation information to third parties.

The cause of the degradation with respect to the quality of performance and operational capacity, the impact of which is tolerable for a small period of time without major losses.

1. General: A set of standard rule is applied upon careful evaluation of fairness and equality using this method. 2. Interstate Commerce: Ensuring that all countries are charged equally and justly through

A pension plan that is under the sole ownership of the insured and cannot be lost.

An asset whose monetary value is variable and depends on economic conditions.

A loan or lease where (1) payment from the lessee is not received on time, (2) payments have stopped, (3) Maturity date has passed and the agreement is still unfulfilled. In these

In the event that a borrower defaults, this type of loan limits the lender’s power to take possession of the borrower’s property.

Transaction specific cost elements that increase the cost estimates on a casebycase basis.

A price that reflects the lowest possible average of the total cost of production with normal profit taken into consideration. It is the equilibrium price that is determined by the interaction of

A statement on a bill of exchange which prohibits it from being transferred or traded. The statement reads ‘not negotiable’, except in the case of check where it can be made non

A notice issued to concerning parties by the contractee stating that all the work concerning the project has finished. In addition, the period within which the concerned parties can exerciset their lien

An agreement in Australia which allows businesses to lease transportation for its employees. However, a portion of the employee’s wage is deducted to cover the leasing costs. The company is liable for

An exchange for the trading of futures and options that are related to energy, palladium, etc. It is a subdivision of the New York Mercantile Exchange.

1. Rate that does not factor in the effects of inflation 2. Rate that is charged on the gross value rather than on the net value

Charitable organization that foster cultural and social unity to achieve objectives related to public service. The initial capital investment is provided by the founding members who do not expect its repayment or

The majority of policies are non assignable and as such cannot be transferred to a third party ownership