Category: N

A person who neither has ownership rights or active involvement in the firm’s affairs, but has a strong interest in the success of the partnership firm. Often a well known, well connected

A chart with more than three parallel lines that have a high degree of calibration and alignment, such that, a straightline placed on two known values on two different line will lead

An insurer lacking the proper license to set up or do business in a certain location or country.

Expenses such as amortization and depreciation that do not involve cash transactions, yet show up on an income statement.

A retirement plan in which the full premium cost is borne by the employer

A monetary obligation that is not disbursed immediately upon the sale of an individual’s assets or his declaration of bankruptcy. These include the incurred but unpaid taxes.

Assets such as the manufacturing facility that are listed on a company’s financial statement.

1. An graphical plot of an equation, whose points do fall on a straight line, but rather a curve. 2. a procedure that does not follow a predetermined sequence.

The sale of preferred stock by the company is considered a ‘nonparticipating’ investment. The stockholder is eligible for dividend payments and the cost to initiate the fund, in addition to receiving the

Sometimes referred to as a NonStatutory Stock Option, these easy to set up and administer plans offer employer sponsored stock options. However, they are inferior to the incentive stock option plan as

A bid that fails to satisfy the specifications of an invitation to propose, bid,etc.

A material that does not vaporize or sublimate when left in the open at room temperature and pressure.

An item that is mentioned in the contract only for reference purposes and as such has no bearing or relation to the contract.

A legal notification or warning that is delivered in a written format or through a formal announcement. An individual or party is considered liable if the party (1) has knowledge of the

In equilibrium markets, the notional demand is the total quantity of goods and services demanded.

The fee paid to the nurses who work in the hospital, is mandated through this clause.

An entity whose involvement as a defendant in a case has no bearing on the outcome. The entity is usually called upon due to court procedures mandating its presence in the case.

Assets such as the interest on a bank deposit, that are only recorded only upon the realization of the earnings.

Also referred to as interest only loan, it is an arrangement on a loan which requires the borrower to pay periodic installments to cover only the interest amount. The principal amount is

Investments and Finance that are carried out without the traditional inflow and outflow of cash.