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

Category: N

NET OPERATING ASSETS

Business liabilities subtracted from business operating assets. Gives an accurate picture of the company’s value. Calculated as: Operating assets minus financing activities cost.

NETWORK ECONOMY

Information technology used for interlinking business processes and economic activity.

NEW FOR OLD

Instead of repairing old parts, replacing old or damaged parts by this type of purchasing new parts.

NEWLY ACQUIRED BUSINESS

A merger, takeover or other business acquisition transaction is how another company acquires this type of recently purchased business unit.

NICHE MARKETING

A small but specific and well-defined population segment is the focus of this concentrated marketing effort. As a strategy, niche marketing is aimed at being a big fish in a small pond

NO CASE TO ANSWER

Defendant’s submission that the opposing party has no case to rebut, with no evidence, and no legal grounds. End of the trial and release of the defendant comes from a successful no-case

NO SHOW

In general, an entity that fails to be where intended, when intended, without notification. 1. Person that misses a meeting he was supposed to, or who buys a ticket to a public

NAMED PERILS

Covered on an insured property are specific types of losses’ potential causes..

NATIONAL CUSTOMS BROKERS AND FREIGHT FORWARDERS ASSOCIATION

An international trade advocacy organization for companies to educate their members especially regarding legislative and regulatory issues. A large lobbyist group in the nation’s capitol. Members include freight forwarders, customs brokers, and

NEGATIVE DEMAND

Negative image or connotations caused lost consumer loyalty. Consumers avoid products or firms associated with unfair labor policies or harming the environment. Consumers are willing to pay a little more to switch

NEGLIGENCE PER SE

Under legal provisions this type of conduct automatically constitutes negligence.

NET DEBT

Short-term loans plus long-term loans minus cash and cash equivalents equals this amount.

NET INTEREST COST

Calculated as a Bond issuer’s interest cost: (total interest payments plus discounts minus premiums) divided by the bond’s maturity period in years. Money’s time value is not taken into account by this

NET OPERATING INCOME

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

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