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

Category: N

NET LOSS

in an accounting period total costs and expenses exceeds total revenue by this amount.

NET PURCHASE RECORDING

Recording method for cash discounts or purchases accounting. Its journal entry basis is invoice amount minus expected cash discount. The discount is charged to discounts lost account if the discount is not

NET-TO-NET LEASE

A portion of everything: rent, taxes, insurance, and maintenance fees is paid by the renter under this specific type of agreement.

NEW CLASSICAL ECONOMICS

Macroeconomic thought as a knowledge base. Emerging during the 1970s, based on roles known as rational economic agents, and rational expectations theory. It is seen as an extreme monetarism formulation. It argues

NEW YORK STOCK EXCHANGE (NYSE) COMPOSITE INDEX

Market capitalization value weighted index. Covers common stock price movements as ordinary shares of some 2300 firms listed on NYSE. , All shares relate to an aggregate market capitalization value set December

NITRIFICATION

Microorganisms in soil and water oxidize ammonium (NH4+) ions into nitrite (NO2) ion and then nitrate (NO3) ions. Plants absorb nitrate ions as essential nutrients. Oxygen helps convert or synthesize the nitrates

NO OBSERVABLE ADVERSE EFFECT LEVEL (NOAEL)

Named tolerance level over a human’s lifetime exposure, averaged as 70 years, in the human diet. From long-term toxicological studies, pesticide or other agricultural chemical’s impact is established. Also known as no

NO-LOAD DRIP

Shareholders can reinvest dividends they receive into more shares without any fees in this type of program offered by publicly-held companies. The company directly issues the resulting stock purchased.

NATURAL SCIENCES

No universally accepted meaning exists for this specific classification scheme for academic subjects. Excludes language studies, psychology, sociology, and other such ‘soft’ disciplines. Includes physics, chemistry, mathematics, and all engineering disciplines.

NEGATIVE CASH FLOW

During a specific time period, more cash is going out as expenditure than is coming in as income. Does not necessarily indicate loss, just an timely imbalance. Temporary imbalance is often covered

NEGATIVE REINFORCEMENT

Increasing or maintaining an improper response or behavior’s likely reoccurrence based on removing a challenge, penalty, stimulus, or reward.

NEPOTISM

Appointing unqualified relatives and friends to positions in one’s organization when an outsiders might be better qualified. Typically connected with political office. Where complete trust and willingness to work hard for little

NET CHANGE

Security’s price change between closing price as last trading price on a trading day and closing price on the next trading day. Net change is the difference between the closing bids from

NET INCOME MARGIN

Revenue percentage that is Net income. Calculated as: Net income times 100 divided by total revenue. Also known as net margin or net profit margin.

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