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

Category: N

NO COST CHANGE

Overhead costs may occur but not affect a contract’s prices when a contract changes.

NOAH EFFECT

A continuous factors’ series suffering abrupt, disconnected interruptions. These changes affect value distribution all along the continuum, often skipping values in an upward or downward direction. Also refer to Joseph Effect, anti-persistence,

NON-COMPETITIVE TRADING

A dealer who does not expose his trading to the market and just gives it to his clients. This is illegal.

NO-SHOP CLAUSE

An agreement clause between an owner and a prospective buyer to suspend all other purchase negotiations for a stated time period. In other words, the seller agrees to stop seeking other acquisition

NAPOLEONIC LAW

France’s Law. Rather than legal theories and principles, it is based largely on common sense rules. Five major codes comprise it: (1) Civil code, (2) Civil procedure Code, (3) Penal code, (4)

NATIONAL TREATMENT (NT)

Non-discriminatory trade policy commitment. Infers that a government cannot treat foreign exporting firms any less favorably that its own local manufacturing firms. This was GATT, now WTO rules.

NEED PROFILING

During one-on-one discussions a customer’s current and anticipated future needs are determined and verified to prepare this specific type of report. The report focuses on understanding customer requirements. From there, one can

NET EXPORTER

A location that is often a specific country or territory whose exported goods value exceeds goods imported value during a specific time range. When the exported goods’ total value exceeds imports’ total

NET INVESTMENT

1. In Accounting, in a given period, this is the amount invested as a capital expenditure minus allowance for capital depreciation. 2. In Economics, this the change in total capital stock in

NET RENTABLE AREA

Building’s actual square-unit ready for lease or rent to tenants. This is the area used to compute expected lease or rental payments. Common areas, elevator shafts, stairways, and space devoted to cooling,

NET YIELD

After deducting all costs, what remains is this specific gross yield portion.

NETWORKED DESIGN

Business units that are closely interconnected, but independent and widely dispersed, driven to achieve the organization’s objectives and goals, are united as this type of organizational structure that operates within a consistent

NEW PARADIGM

Business changes driven by a new investing pattern or method.

NEWS FEED

A continuous data transmission sending news updates to web sites through a syndicated news service provider. Summaries or links of the transmissions refer the user back to the original news source. Also

NIGHT DEPOSITORY

Secured documents or pouches lodging usually requiring a key for access, this is an opening in a building’s exterior wall, as in a bank,

NO COST CONTRACT

Pays back ‘in kind’, but has no monetary consideration. Used mainly to avoid effort duplication, it is typically used by a government that has developed a new but classified technology and a

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