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

Category: N

NET WORTH

Firm’s value to its owners, typically stockholders or shareholders. Value is usually shown on the firm’s balance sheet. Issued share capital plus retained earnings plus capital gains equals net worth. Also known

NETWORK SERVICE PROVIDER (NSP)

Entity as a high volume data capacity renter to limited internet service providers (ISP) who rent capacity to several internet users, known as subscribers.

NEW OLD STOCK

Items in stock, still in their original packaging, never sold. Also known as new unused stock or surplus stock.

NEWS CORPORATION

Founded by Rupert Murdoch, this media company is global, vertically-integrated. Day-to-day corporate operations primarily occur in the US, Continental Europe, Australia, Asia, Latin America, and the UK. Every media, film, cable, magazines,

NIGERIAN SCAM

Mail and email fraud based on false pretenses tempting people to send money or disclosed banking account information. The scam is someone inherited a large sum of money and needs assistance to

NO COST CHANGE

Overhead costs may occur but not affect a contract’s prices when a contract changes.

NO-ASSET CASE

The filer has no assets available to creditors to satisfy outstanding debts in a Chapter 7 bankruptcy filing in this type of situation.

NON-CONCURRENCY

When insurance policies are not properly arranged and do not give enough protection.

NOSTRO

A term meaning our account. It is used by foreign banks to handle its local currency.

NAPOLEONIC LAW

France’s Law. Rather than legal theories and principles, it is based largely on common sense rules. Five major codes comprise it: (1) Civil code, (2) Civil procedure Code, (3) Penal code, (4)

NATIONAL TREATMENT (NT)

Non-discriminatory trade policy commitment. Infers that a government cannot treat foreign exporting firms any less favorably that its own local manufacturing firms. This was GATT, now WTO rules.

NEED PROFILING

During one-on-one discussions a customer’s current and anticipated future needs are determined and verified to prepare this specific type of report. The report focuses on understanding customer requirements. From there, one can

NET EXPORTER

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

NET INVESTMENT

1. In Accounting, in a given period, this is the amount invested as a capital expenditure minus allowance for capital depreciation. 2. In Economics, this the change in total capital stock in

NET RENTABLE AREA

Building’s actual square-unit ready for lease or rent to tenants. This is the area used to compute expected lease or rental payments. Common areas, elevator shafts, stairways, and space devoted to cooling,

NET YIELD

After deducting all costs, what remains is this specific gross yield portion.

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