The Law Dictionary

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

Category: N

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 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 LIMIT ORDER

at any price the investor can, to buy or sell a specific security count as stated in a broker’s client order. Contrast to limit order.

NOISY CHAOS

A disruptive element altering linear equation series’ results, known as a dynamical system. Also refer to system noise or observational noise.

NOTE ISSUANCE FACILITY (NIF)

When a borrower in a euronote program issues unsecured notes through a panel. Underwriting banks purchase them as midterm loans.

NAKED POSSESSION

without any legal right to do so, one’s occupying real property or having physically possessing a material object.

NARROW MOAT

A small competitive advantage one company may have over other competing firms operating in the same or similar industries. A narrow moat provides a very limited economic benefit lasting a short time,

NATIONAL ASSOCIATION OF SECURITIES DEALERS (NASD)

A Self-Regulatory Organization (SRO) for the securities industry. NASD provides licensing and oversight, as well as mediator and arbitrator services to resolve disputes between investors and brokerage firms or exchanges and industry

NATIONAL MARKET SYSTEM (NMS)

Federal laws governing rule enforcement over licensing and regulating stock exchange securities trading. Refer to National Securities Market Improvement Act of 1996.

NATURAL DEATH

any cause other than accident or homicide defines this specific type of death due to natural causes.

NEGATIVE CARRY

1. In Banking, this occurs when income earned from a loan is less than the bank’s fund costs. Also known as negative cost of carry. 2. In Borrowing, this occurs when fund

NEGATIVE PREGNANT

Implicitly accepting culpability while explicitly denying the charge is what this type of ambiguous negative statement is. Contrast to affirmative pregnant.

NEGOTIATED MARKET

Buyers and sellers negotiate the price posted as bid and ask prices in this type of market. NASDAQ is an example. In contrast, the New York Stock Exchange and American Stock Exchange

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.