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

Category: N

NEGATIVE DIVERGENCE

Overall trends being perceived to be taking place in a particular market are the point of disagreement by at least two averages or indexes.

NEGLIGENCE RULE

Legal principle preventing an entity from putting forth a defense based on a mistake caused by that entity’s negligence. For example, if a negligent entity causes a negotiable instrument’s misuse, as in

NET ADVANTAGE OF REFUNDING

Future earnings’ value in current money a business or individual saves with a refund from a bond redemption prior to its maturity and a lower-cost bond reissuing.

NET DEBT PER CAPITA

Debt amount per citizen a government carries as a measure. Calculate as: (short-term debt plus long term debt minus cash minus other liquid assets) divided by the population. Government’s total debt levels

NET INTEREST EARNED

After investment expense and before income taxes, an insurer’s investments average interest amount earned.

NET OPERATING LOSS (NOL)

In an accounting period net operating expenses exceed operating revenue as this amount. Excluded are extraordinary gains and losses, financial expenses like interest paid, and revenue like as interest earned.

NET WEIGHT

A good without its container and/or packaging weighed: Actual, computed, or estimated weight. Net weight equals gross weight less tare weight.

NETWORK MODEL HMO

multiple physician groups contracting with an HMO model. individuals not covered by the HMO can get care from these physician groups.

NEW KEYNESIANS

Adherents to a macroeconomic theoretical model developed in the 1980s. This model evolved from a prior model espoused by British economist John Maynard Keynes. Prices and wages change more slowly with short-term

NEWLY INDUSTRIALIZING COUNTRIES (NICS)

Moving from a strictly agriculture-based economy to a more industry-based, urbanized population with a developed economic infrastructure is how this type of country transitions.

NIELSEN RATINGS

An audience’s viewing depicted in this specific published survey. Media outlets base their marketing to advertising clients based on these ratings. The ratings express the viewing audience size and scope as viewers

NO CONTEST

The accused will not contest the facts on which the charge is based as a criminal case plea. It is not an admission of guilt. It is generally aimed at preventing lawsuits

NOA

Notify On Arrival. A definitive, mandated instruction to the carrier by the consignor to notify the consignee at shipment arrival.

NANOTECHNOLOGY

Emerging technology at atomic or molecular levels. New materials with unique characteristics uses emerge from its manipulations and processes. Equivalent to microengineering.

NATIONAL HEALTH INSURANCE

A federal government’s insurance benefits system established to cover all or almost all national citizens. The United States is developing such a program. Tax money funds these systems entirely or partially.

NECESSITIES

Required universally for subsistence or survival. Minimum standard-of-living essentials.

NEGATIVE EQUITY

A mortgaged asset’s market value is below the loan amount taken against it. Some loan agreements force the borrower to cover the loss. The lender may ‘call’ the loan, demanding immediate loan

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.