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

NON-POINT SOURCE

A mobile source of pollution such as the exhaust from automobile and aircraft.

NONPARTICIPATING PROVIDER

A provider who is not contracted with a health plan, or one who is prohibited from participating in Medicare.

NON-OPERATING EXPENSE

Activities such as the insurance and maintenance of assets that are not directly involved in the operation of the business, but result in an additional expense for the firm.

NON-PRODUCTION COSTS

Costs such as the administration costs that are a non-contributing factor to the manufacturing cost of a product.

NON-PROBABILITY SAMPLE

A variation of unit sampling wherein the probability of picking some of the samples is zero, and identity of those that will be picked for sampling is unknown.

NON-PROFESSIONAL SUBSCRIBER

A person who engages in investment activities but is not involved or affiliated to the SEC or other agencies. Also, a person who is not an investment broker, but is actively involved

NON-QUALIFIED RETIREMENT PLAN

A retirement plan that does not meet the IRS requirement for tax treatments, and as such they do are not considered to be a qualified retirement plan.

NONQUALIFIED PLAN

A benefit plan for an employee that does mandate the filing with the IRS and as such tax deductions in exchange for contributions are not offered. Under the nonqualified plan, certain employees

NON-RECOURSE

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

NON-RECORD

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

NON-QUALIFIED STOCK OPTION

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

NONRECOURSE DEBT

In the event that a borrower defaults, this type of loan limits the lender’s power to take possession of the borrower’s property.

NON-RECOURSE FINANCING

1. Agricultural Financing: In the event of crop fails or insufficient crops which results in the failing of the collateral, the lender cannot claim the loan amount from the borrower. Government schemes

NON-RANDOM VARIATION

An abnormal variation that is caused by a few factors, but causes a noticeable defects that are easily detectable. In quality control, these an be identified and eliminated to ensure a high

NON-PRODUCT ADVANTAGE

Advantage gained by a product over its competition not by virtue of its attributes but by the creation of a distinct brand image through exclusive promotions, widespread distribution, superior customer service, etc

NON-OBJECTING BENEFICIAL OWNER (NOBO)

A stock owner who gives authority to the brokerage through which he holds the stock, to diclose his details to the underlying company. The company is thus able to contact him regarding

NONEXEMPT EMPLOYEES

Workers who are not exempt from a rule or policy. With respect to wage and hour laws, employees who are nonexempt are to follow workplace regulations and are eligible for overtime pay

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