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

Category: N

NEW CLASSICAL ECONOMICS

Macroeconomic thought as a knowledge base. Emerging during the 1970s, based on roles known as rational economic agents, and rational expectations theory. It is seen as an extreme monetarism formulation. It argues

NEW YORK STOCK EXCHANGE (NYSE) COMPOSITE INDEX

Market capitalization value weighted index. Covers common stock price movements as ordinary shares of some 2300 firms listed on NYSE. , All shares relate to an aggregate market capitalization value set December

NITRIFICATION

Microorganisms in soil and water oxidize ammonium (NH4+) ions into nitrite (NO2) ion and then nitrate (NO3) ions. Plants absorb nitrate ions as essential nutrients. Oxygen helps convert or synthesize the nitrates

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.

NATURAL SCIENCES

No universally accepted meaning exists for this specific classification scheme for academic subjects. Excludes language studies, psychology, sociology, and other such ‘soft’ disciplines. Includes physics, chemistry, mathematics, and all engineering disciplines.

NEGATIVE CASH FLOW

During a specific time period, more cash is going out as expenditure than is coming in as income. Does not necessarily indicate loss, just an timely imbalance. Temporary imbalance is often covered

NEGATIVE REINFORCEMENT

Increasing or maintaining an improper response or behavior’s likely reoccurrence based on removing a challenge, penalty, stimulus, or reward.

NEPOTISM

Appointing unqualified relatives and friends to positions in one’s organization when an outsiders might be better qualified. Typically connected with political office. Where complete trust and willingness to work hard for little

NET CHANGE

Security’s price change between closing price as last trading price on a trading day and closing price on the next trading day. Net change is the difference between the closing bids from

NET INCOME MARGIN

Revenue percentage that is Net income. Calculated as: Net income times 100 divided by total revenue. Also known as net margin or net profit margin.

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

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