The Law Dictionary

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

Category: N

NET INCREASE

New policies written and renewed as a count minus policies lapsed or cancelled as a count. The insurer easily calculates to know the total periodic business the insurer has in force.

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.

NET RATE

Premium amount minus appointed dividends. This term also refers to the non-participating policy rate found in a rate book.

NET TANGIBLE ASSETS PER SHARE

Recognized revenue amount in a company’s preferred stock holdings. The revenue amount is based on how much calculated profit over a company share count holdings.

NETWORK ARCHITECTURE

Computer network design. Mapping hardware, software, protocols, and devices. Outcome is successfully allowing different systems and devices to inter-communicate.

NEW ECONOMICS

This specific term is for the recent economic transition to a dependency on technology, its advancement, and information exchange. Information technology (IT) increasingly connects this the new business environment. Industry-accepted to have

NEWCO

Any new company, especially one issuing an initial public offer (IPO), for example.

NEXUS

A point of causal intersection, link, relation, connection.

NITROGEN (N)

Inert gas. 78 percent of the Earth’s atmosphere by volume and about 77 percent by weight is nitrogen. Colorless, odorless, tasteless, and non-toxic, it maintains at these levels by the nitrogen cycle.

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.

NOTIONAL

The way amounts payable and received are computed.

NARROWBODY AIRCRAFT

Used mainly for short and medium hauls, Airbus A319 and A320, Boeing 717, 727, 737, and 757, McDonnel Douglas DC9, MD 80, and MD 90 are all examples of this type of

NATIONAL BANK

A bank whose deposits are insured by the FDICA, is a Federal Reserve member, and a bank that is federally chartered.

NATIONAL RATE OF UNEMPLOYMENT

National economy’s unemployment level. Persists even when the labor market is in equilibrium. It is considered to be equivalent to the voluntary unemployment level because the thinking asserts that all those who

NATURAL ENVIRONMENT

Human survival and economic activity dependent of this specific type of climate, weather, and natural resources.

NEAR MONEY

Non-cash, liquid assets, like gilt edged securities, that can be quickly sold for cash, but are not used as the regular exchange medium in everyday transactions. A near-money type may or may

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.