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

Category: N

NEW MEDIA

The Internet is an example of this electronic interactive media.

NEWLY INDUSTRIALIZING ECONOMY (MIE)

Brazil, China, India, Korea, Mexico are developing but relatively advanced countries with rapidly growing industrial production scale and scope. Also known as newly industrializing country.

NIFTY FIFTY

During the 1960s and 1970s, this specific largecap stocks group including General Electric, IBM and American Express was once highly favored by institutional investors.

NO CONTEST CLAUSE

To prevent a contracting party or beneficiary from challenging a contract’s terms this specific provision becomes a contract or testament add-in.

NO-ADDITIONAL-COST SERVICES

Services provided to an employee at no charge if the company incurs no additional cost during its course of business. Discounts for transportation, hotel rooms, telephone services, or recreation are some service

NON-CLEARING MEMBER

A member of a clearinghouse that is must first put their trades through a trading member.

NO-SALE PRICE

Supplier will give no award or order below this type of minimum acceptable price.

NAPHTHA

Volatile and highly flammable hydrocarbon liquid. Mixtures group member derived from coal tar or petroleum in specific distillation ranges. Contain large aromatic compounds’ proportions. Used mainly as solvents and paint thinners, naphthas

NATIONAL LABOR RELATIONS ACT (NLRA)

Designed to protect employee and employer rights, encourage collective bargaining, and prohibit particular management policies detrimental to the healthy of businesses, workers, and the US economy. Enacted by Congress in 1935.

NEED FOR AFFILIATION

In order to motivate their fellow employees, building warm and caring relationships is a necessity for managers in a business setting. different affiliation levels satisfy different employee types. Those who need a

NEGATIVE EXTERNALITY

Occurs when a product or decision exceeds the society’s private cost. It is generally viewed as a market failure because the consumption level or the product’s production exceeds society requires. A negative

NEGOTIABLE CERTIFICATE OF DEPOSIT (CD)

A CD that is short-term, 2 to 52 weeks, and of a large denomination, $100,000 minimum. Negotiable CDs issued by large banks are freely traded in secondary markets. It is typically issued

NET ADVANTAGE TO MERGING

An indication that a business might be worth more and would potentially be more profitable after a merger. This advantage is found by subtracting the business’s market value before the merger, subtracting

NET ERRORS AND OMISSIONS

Payments accounting balance showing statistical discrepancies. Data collection inaccuracies, such as adding an extra zero in a column that tallies payments due against payments collected.

NET INTEREST MARGIN

Calculated as: (Investment Returns minus Interest Expenses) divided by Average Earning Assets Liabilities.

NET PAYOFF

Calculated as: recognized security revenue minus operating expenses.

NET RECEIVABLES

Company’s recorded amount as money to be repaid minus outstanding debt costs.

NET WORTH

Firm’s value to its owners, typically stockholders or shareholders. Value is usually shown on the firm’s balance sheet. Issued share capital plus retained earnings plus capital gains equals net worth. Also known

NETWORK SERVICE PROVIDER (NSP)

Entity as a high volume data capacity renter to limited internet service providers (ISP) who rent capacity to several internet users, known as subscribers.

NEW OLD STOCK

Items in stock, still in their original packaging, never sold. Also known as new unused stock or surplus stock.

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