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

Category: N

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

NO-ASSET CASE

The filer has no assets available to creditors to satisfy outstanding debts in a Chapter 7 bankruptcy filing in this type of situation.

NON-CONCURRENCY

When insurance policies are not properly arranged and do not give enough protection.

NOSTRO

A term meaning our account. It is used by foreign banks to handle its local currency.

NARCOSIS

Narcotic substance inhalation or ingestion produces this specific type of stupor, arrested activity, even unconsciousness.

NEED SATISFACTION APPROACH

A salesperson’s sales technique using probing questions and careful listening to identify a prospect’s stated, expressed needs and unstated, tacit expectations. Those product aspects that satisfy the prospect’s needs become the salesperson’s

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