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

Category: N

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.

NARROWCASTING

Using a select audience number or a small geographical area to spread an advertising message or signal. Cable television, direct mail, specialized trade publications, seminars, and keyword-associated web advertising are all media

NATURAL PERSON

A human being, naturally born, versus a legally generated juridical person.

NEGATIVE CARRY

1. In Banking, this occurs when income earned from a loan is less than the bank’s fund costs. Also known as negative cost of carry. 2. In Borrowing, this occurs when fund

NEGATIVE PREGNANT

Implicitly accepting culpability while explicitly denying the charge is what this type of ambiguous negative statement is. Contrast to affirmative pregnant.

NEPHROTOXIN

Antimony compounds, dimethyl formamide, and tetrahydrofuran are specific substance that causes kidney damage.

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