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

Category: N

NET PRESENT VALUE (NPV)

Calculated as: investment amount minus investment’s future cash flows present value. Calculate expected cash flows Present value as: discounting future cash flows at the required return rate.

NETBOOK

A small, limited-use laptop, primarily for email and Internet access. Netbooks started to gain in popularity in 2007. Netbooks are less expensive than a regular laptop, and generally weigh only two to

NEURAL NETWORK

Artificial intelligence technique allegedly mimicking the human brain’s operation as nerves and neurons. Densely interconnected computer processors work simultaneously in parallel. A key neural networks feature is that their programming sets them

NEW TOWN

Specifically designed to serve a mix of residential, commercial, and industrial needs, this is a self-contained, self-governing community, city, or town built strictly to a detailed plan on land standing undeveloped.

NEWSLETTER

for circulation within an organization, or aimed for a select audience on a narrow subject, this type of small, printed or published communication occurs through other means like a newspaper or digest,

NINA LOAN

A borrower avoids disclosing income and personal assets with this specific reduced documentation mortgage loan. This mortgage type typically has an interest rate higher than market. To secure the loan, employment is

NO EVIDENCE

Admissible evidence absence or insufficiency to establish one or more essential case elements that the party having to bring proof must provide. The opposing party can ask the court to dismiss the

NODE

1. Device role to receive, send, or process data in a telecommunication network. 2. Point or nexus for two or more interfacing devices or two or more line or link terminals. 3.

NOYAU DUR

When the french have longstanding business with a company they expect this form of loyalty.

NARROW AND DEEP

Stocking a large brand variety within a limited item range in a retail store as this type of retailing strategy.

NATURAL BUSINESS YEAR

A company may use this for its fiscal year, replacing the calendar year. A 12-month term beginning at the business operations’ start date is this type of year.

NEGATIVE ACCOUNT EMPLOYER

An employer paying out more in employee unemployment benefits than contributing to its state-run unemployment insurance (UI) account. The state’s periodic account review will trigger an increase in employer contribution until the

NEGOTIATION CREDIT

The issuer specifically states that this documentary credit is available by negotiation. The issuer’s owes this money as an obligation continued to its drawers, endorsers, and bona fide holder for value for

NET BOOK VALUE

As asset’s value as it appears in the company’s books. Calculate Net book value as the asset’s original cost minus accumulated depreciation.

NET IMPORTER

A location that is often a specific country or territory whose imported goods value exceeds goods exported value during a specific time range. When the imported goods’ total value exceeds exports’ total

NET PRESENT VALUE RULE

The investment is considered a profitable value If the net present value is calculated above zero. The investment is considered worthless If net present value is less than zero.

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