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

Category: N

NOISE

1. In Communication, this is any interference with a communication’s clarity or accuracy. Superfluous message data or words are noise as they detract from the message’s meaning. 2. In Quality control, this

NARROWBODY AIRCRAFT

Used mainly for short and medium hauls, Airbus A319 and A320, Boeing 717, 727, 737, and 757, McDonnel Douglas DC9, MD 80, and MD 90 are all examples of this type of

NATURAL NUMBER

Excluding zero, number used to count. Also known as counting number or positive integer.

NEGATIVE PLEDGE CLAUSE

If the company issues stocks or bonds that have a negative effect on the shareholders, the borrower has this specific type of contract or agreement as cover.

NET LIQUID ASSETS

The valued instrument amount easily converted to cash after deducting operating expenses from total income.

NET SALES

Returns and discounts subtracted from gross sales revenue gives this amount. In an income statement, this amount is shown under sales revenue.

NETTING

Mutual obligations settled among involved parties. Two involved parties is known as a bilateral netting. With three or more parties acting as a clearing house, it is known as a multilateral netting.

NEUTRAL PH

Chemical solution that has an exact pH of 7.0, being neither acidic nor alkaline. Pure water is such a solution. Also refer to pH scale.

NEW YORK STOCK EXCHANGE (NYSE)

Founded in 1792 and located on the Wall Street in New York City. Largest and oldest US stock exchange, and largest exchange in the world in terms of dollar volume. It is

NEWTON METER (NM)

Torque metric (SI) unit. Torque is a force’s tendency to cause rotation. It is also a unit of energy. One newton meter equals about 0.74 pound-foot.

NITRIDING

Ammonia decomposition releases nitrogen that reacts with metal to make iron nitride, an hardening substance. In the presence of ammonia, a nitrogen and hydrogen compound, this specific metallurgical process hardens the alloy

NO LIMIT ORDER

at any price the investor can, to buy or sell a specific security count as stated in a broker’s client order. Contrast to limit order.

NOISY CHAOS

A disruptive element altering linear equation series’ results, known as a dynamical system. Also refer to system noise or observational noise.

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