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

Category: N

NET PURCHASES

Allowances, discounts, and returns subtracted from total items purchased amount.

NET SURPLUS

after certain operating expenses are subtracted from recognized revenue, this amount results. Tax and dividend payments are part of the operating expenses.

NETWORK

1. In Computers, this is an interconnected computers and peripherals grouping that shares software and hardware resources between many users. Connections occur by cable and/or wireless. The Internet is a global network

NEW DEAL

Economic policies that President Franklin D. Roosevelt introduced as a series of programs after the Great Depression left the U.S. economy utterly wasted. His programs provided help to millions of Americans stuck

NEXT OF KIN

A wife, by affinity, or by blood, like a parent, sibling, or offspring is a deceased’s nearest relative.

NITRITE (NO2-)

Nitrous acid ester or salt containing the nitrite (NO2) ion. Certain bacteria in the soil convert nitrites into nitrates as plant nutrients. They are used mainly as meat coloring agents and food

NOMENCLATURE

Official names, terms, or specialized vocabulary as a set or system, used in a specific area, discipline, or subject, like accounting, engineering, finance, or law. As an online dictionary, for example, this

NASDAQ OTHER

This system keeps tabs on certain bids and offers not listed on NASDAQ or not quoted.

NEGATIVE SUM GAME

Decision theory’s ‘lose-lose’ situation. All participants lose as the negatives or losses outweigh the positives or winnings, and no one leaves with anything positive or any winnings. Also refer to positive sum

NESTED

1. Each member is contained in or contains the next items in a set forming a chain, hierarchy, or sequence. 2. Different sized hollow articles, like boxes, a the smaller one placed

NET CONTRIBUTION

After subtracting all necessary deductions, this is the amount that remains.

NET INCOME MULTIPLIER

An asset’s worth as an amount, calculated over time, measuring the asset’s income produced.

NET MIGRATION RATE

People moving into a country counted minus people moving out of the same country counted. High migration counts (in) or emigration counts (out) can cause unemployment problems in specific areas as either

NET QUICK ASSETS

After operating expenses are deducted, conversion to cash easily occurs with these valued instruments.

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