The Law Dictionary

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

Category: N

NAME SCHEDULE BOND

This specific type of fidelity bond is very much like the name position bond. If an employee working in a position listed in a bond causes loss by dishonesty this specific type

NATIONAL BRAND

National brands are owned and promoted usually by large manufacturers, and marketed nation-wide.

NATIONAL SAVING

The nation’s total public and private savings. Calculated to equal a nation’s income less government expenditures less consumption.

NATURAL HAZARD

A disaster that is Biological, geological, hydrological, meteorological, or seismic.

NEAR-CASH ASSETS

Quickly exchangeable for cash, these specific type of Items are like rent income, for example.

NEGATIVE COVENANT

1. Constraining provision in a debt agreement, like an adhesion contract type. Limits the borrower on stated points, like a ceiling on the executives’ salaries, or prohibition on debt acquisition, or tight

NET EARNINGS

Another name for net income (Total revenue minus Total expenses).

NET WEIGHT

A good without its container and/or packaging weighed: Actual, computed, or estimated weight. Net weight equals gross weight less tare weight.

NETWORK MODEL HMO

multiple physician groups contracting with an HMO model. individuals not covered by the HMO can get care from these physician groups.

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.

NICKEL (NI)

An alloying metal element for making Austenitic stainless steels. High degree of corrosion resistance, ductility, harden-ability, and tensile strength are its contributions.

NO CLAIMS BONUS

Insurance premium allowed discounted or reduced on auto accident policies. As high as 60 percent of premium. It is awarded on the basis that no claims by the policy holder or by

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