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

Category: N

NON-PARTISAN

Non affiliation or non specific ownership with respect to any cause, party or group.

NON-RECOURSE

A situation under a guarantee to the borrower or seller that an obligationor transaction is without recourse. This absolves the borrower or all blame in the event of loss or defect. The

NORM

1. A non stated set of guidelines which specify normal behaviour is a social context. Social control and order are prevalent due to the pressure exterted on an individual to coform to

NOT LESS THAN (NLT)

When negotiating a contract, it is the assurance from the vendor that the value of the property will not be less than the proposed value and the estimates that will be submitted

NOTICE OF CESSATION

A notice issued to concerning parties by the contractee stating that no work has taken place at the site of the project for a certain period of time. In addition, the period

NOUVEAU MARCHE

An equity market that is focused on novel and emerging firms that are leaders in their respective industries. Usually, companies with the potential to be a global leader or have already attained

NUTRIENT POLLUTION

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

NASDAQ OTHER

This system keeps tabs on certain bids and offers not listed on NASDAQ or not quoted.

NEGATIVE SUM GAME

Decision theory’s ‘lose-lose’ situation. All participants lose as the negatives or losses outweigh the positives or winnings, and no one leaves with anything positive or any winnings. Also refer to positive sum

NESTED

1. Each member is contained in or contains the next items in a set forming a chain, hierarchy, or sequence. 2. Different sized hollow articles, like boxes, a the smaller one placed

NET CONTRIBUTION

After subtracting all necessary deductions, this is the amount that remains.

NET INCOME MULTIPLIER

An asset’s worth as an amount, calculated over time, measuring the asset’s income produced.

NET MIGRATION RATE

People moving into a country counted minus people moving out of the same country counted. High migration counts (in) or emigration counts (out) can cause unemployment problems in specific areas as either

NET QUICK ASSETS

After operating expenses are deducted, conversion to cash easily occurs with these valued instruments.

NET TANGIBLE ASSETS

Calculated as: all intangible assets’ fair market value totaled minus (Goodwill plus Total liabilities).

NETWORK ANALYSIS

Decomposing a complex project’s data into detailed components and showing their interdependencies and interrelationships by plotting. These components are activities, events, durations, and the like.

NEW ECONOMICS

This specific term is for the recent economic transition to a dependency on technology, its advancement, and information exchange. Information technology (IT) increasingly connects this the new business environment. Industry-accepted to have

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