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

Category: N

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.

NET REALIZABLE VALUE (NRV)

Inventory or receivables valuation’s financial accounting calculation. Calculated for inventory accounting as: sold asset’s expected return minus asset’s sale expenses. Calculated for receivables accounting as: amount due minus outstanding balance recovery cost.

NETWORK EFFECTS

A single person’s effect from using a good or a service on the total perceived value of that product or service for others. The more people who use a product or service,

NEW ISSUE

First time stock or bond offered to the public. May be an initial public offer (IPO) or a established firm’s issued security after floating several prior issues.

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