Category: N

The benefits received in the form of a reimbursement when a medical service is delivered by a nonparticipating medical provider.

Documents which do not require to be filled and have no retention value. These can be drafts, memos or a copy for distribution.

The failure to fully examine the available data results in this type of audit risk. It also results from the incompetency on part of the auditor to spot a mistake or a

A clause in a policy that states that coverage of the policy begins at noon. Inapplicable to policies nowadays, which are effective as of 12:01 am.

A negative attitude that is used to shoot down constructive suggestions or improvements to a situation.

A notice stating the intent to imminently cancel an agreement or policy. It can be issued by either the insurer to cancel the coverage or by the insured to request for a

Literally meaning irrespective of, the term is also used in the contractual sense. A statement in a contract that is used to highlight contractual obligations arising from multiple parts in the contract,

A chemical substance, usually compounds that are absorbed by the tissues in the body when consumed. They are essential for survival.

An indicator stating the Buying or selling prices that is used for valuation purposes, rather than as a bid or offer.

An abbreviation for nondomiciled. It refers to an individual living in the United Kingdom who is a temporary resident (sometimes a foreign national), and only pay taxes on income generated in or

The satisfaction of debt obligations through additional investments is not permitted with this stock.

A financial activity that involves the owner’s equity and liabilities but has no effect on the inflows and outflows of cash. A significant amount involved in a noncash transaction is included in

Services that are outsourced to third parties due to their non-involvement in the value proposition of the firm to their customers. This includes services such as installation and maintenance.

A rule that mandates equal provision of benefits to all its employees, irrespective of their position. A retirement plan must include this rule to qualify under the Employee Retirement Income Security Act

A substance that does not burst into flames when ignited, or one that is not ignited easily.

A policy that deems the insured’s statement of healthy sufficient for its issuance.

Non affiliation or non specific ownership with respect to any cause, party or group.

A situation under a guarantee to the borrower or seller that an obligationor transaction is without recourse. This absolves the borrower or all blame in the event of loss or defect. The

A government owned firm or municipality without the guarantee of government backing on obligations.

1. A non stated set of guidelines which specify normal behaviour is a social context. Social control and order are prevalent due to the pressure exterted on an individual to coform to