National debtThe total value of all outstanding Treasury bills, notes, and bonds that the federal government owes investors is referred to as the national debt.
National Flood Insurance Program (NFIP)(NFIP)The program of flood insurance coverage and floodplain management administered under the Flood Disaster Protection Act (FDPA or Act) and applicable…
National Flood Insurance Reform Act (NFIRA)(NFIRA)The purpose of the National Flood Insurance Reform Act of 1994 is to improve the financial condition of the NFIP and reduce federal expenditures for…
National income (NI)The sum of all incomes, net of consumption of fixed capital (CFC), earned in production. Includes both factor incomes and nonfactor charges.
National income and product accounts (NIPAs)BEA's economic accounts that display the value and composition of national output and the distribution of incomes generated in its production.
National Market System (NMS)The National Market System (NMS) links all the major stock markets in the United States and was developed to foster competition among them.
National Priorities List (NPL)(NPL)Sites are listed on the National Priorities List (NPL) upon completion of Hazard Ranking System (HRS) screening, public solicitation of comments about the…
National Processing Center (NPC)(NPC)The National Processing Center is established by the Office of Foreign Labor Certification (OFLC).
Natural Resources Damage (NRD)(NRD)Natural Resources Damages (NRD) are defined as injury to, destruction of, or loss of natural resources, including land, fish, wildlife, biota, air, water…
Negative amortizationWhen your loan principal increases rather than decreases because your monthly payment isn't enough to cover the loan interest, that's called negative…
Negative Equitythe condition of owing more on the property than the property is worth.
Negative yield curveA negative, or inverted, yield curve results when the interest rate on short-term US Treasury issues is higher than the rate on on long-term Treasury…
NegligenceFailure to exercise a generally acceptable level of care and caution resulting in injury or damage to a third party.
Negligence/NegligentA determination of fault in an accident caused by your inattention or carelessness.
NegotiableA negotiable contract is one whose terms can be altered by agreement between the parties to the contract.
Negotiable-order-of-withdrawal accountA negotiable-order-of-withdrawal (NOW) account is an interest-bearing checking account that pays interest on the balance, usually at a rate comparable to…
net asset valueNet asset value is the price set on a fund's units by deducting liabilities from assets and dividing by outstanding units.
Net asset value (NAV)The NAV is the dollar value of one share of a fund. It's calculated by totaling the value of all the fund's holdings plus money waiting investment…
net asset value per shareNet asset value of a mutual fund divided by the number of shares or units outstanding.
Net changeThe difference between the closing price of a stock, bond, or mutual fund, or the last price of a commodity contract, and the closing price on the…
Net domestic product (NDP)The market value of the goods and services produced by labor and property in the United States less the value of the fixed capital used up in production…
Net government savingThe difference between government current receipts and government current expenditures, formerly called current surplus or deficit (-), national income…
Net gross receipts (NGR)A statistic tabulated from the tax returns of sole proprietors and partnerships; used in the estimation of nonfarm proprietors' income by state and county.
Net IncomeYour take-home pay, the amount of money that you receive in your paycheck after taxes and deductions.
Net national product (NNP)The market value of goods and services produced by labor and property supplied by U.S.
Net operating surplusA profits-like measure that shows business income after subtracting the costs of compensation of employees (received), taxes on production and imports…
Net WorthA corporation's net worth is the retained earnings, or the amount left after dividends are paid, plus the money in its capital accounts, minus all of its…
NettingNetting is a process the National Securities Clearing Corporation (NSCC) uses to streamline securities transactions.
New Entrant OGE Form 450You are a new entrant if you did not file an OGE Form 450 or an OGE Form 450-A last year.
New Entrant SF 278A new entrant filer is a Federal government employee who is required to file an SF 278 when he or she first assumes a position that requires the employee…
New IssueWhen a stock or bond is offered for sale for the first time, it's considered a new issue.
New York Stock Exchange (NYSE)The New York Stock Exchange (NYSE) is one of the two securities exchanges operated by the NYSE Group, Inc.
New York Stock Exchange Composite IndexThis New York Stock Exchange Composite Index measures the performance of the common stocks listed on the NYSE, including those of companies headquartered…
NewelThe main post at the foot of a stairway or stoop.
Nikkei Stock AverageThe Nikkei Stock Average, sometimes call the Nikkei Index or simply the Nikkei, is a price-weighted index of 225 blue chip stocks traded on the Tokyo…
NIPAsSee National income and product accounts (NIPAs)
No Cash Out RefinanceA refinance of an existing loan only for the amount remaining on the mortgage. The borrower does not get any cash against the equity of the home.
No Cost LoanThere are many variations of a no cost loan. Generally, it is a loan that does not charge for items such as title insurance, escrow fees, settlement fees…
No Further Remedial Action Planned (NFRAP)(NFRAP)The Archive, or No Further Remedial Action Planned (NFRAP), database contains information on sites which have been removed from the inventory of Superfund…
No-fault insuranceA form of insurance available in many states under which each driver in an accident files claims for losses, such as medical expenses, with their own…
no-load fundA mutual fund that does not charge a fee for buying or selling its shares.
No-load mutual fundYou buy a no-load mutual fund directly from the investment company that sponsors the fund.
Nominal yieldNominal yield is the annual income that you receive from a bond or other fixed-income security divided by the par value of the security.
NomineeA nominee is an individual or entity, which acts on behalf of a beneficial owner.
Nominee DirectorEvery IBC must have a Board of Directors. The Board may consist of one person or many people.
Nominee nameNominee name is the name that a brokerage firm uses to register ownership of stocks or bonds it holds for investors.
non-assumption clauseIn a mortgage contract, a statement that prohibits a new buyer from assuming a mortgage loan without the approval of the lender.
Non-Bound ApplicationThere is no coverage involved and you pay no money. The insurance agent submits the application to the company to find out whether or not you will be…
Non-Conforming loanA loan that does not conform to Federal National Mortgage Association (FNMA) or Federal Home Loan Mortgage Corporation (FHLMC) guidelines.
Non-endowment FundsComposed of various trust monies invested on behalf of Arizona's state agencies, as well as local governments.
Non-forfeiture ValuesThe value of the policy if cancelled, either in cash or in another form of insurance.
Non-MemberA non-member is an employee of a public or governmental entity that participates in one of the South Carolina Retirement Systems’ plans, but either…
Non-owners policyInsurance coverage that offers liability, uninsured motorist, and medical payments to a named insured who does not own a vehicle.
Non-renewalA notice of the insurance company’s refusal to renew your policy prior to the end of the policy term.
Non-ResidentialIncludes, but is not limited to: small business concerns, churches, schools, farm buildings (including grain bins and silos), pool houses, clubhouses…
Non-significant featuresThe interior architectural features of the designated interior that the LPC has determined do not contribute to the special historic, cultural, and/or…
Non-Special Flood Hazard Area (NSFHA)(NSFHA)An area in a low to moderate risk flood zone (Zones B, C, X) that is not in any immediate danger from flooding caused by overflowing rivers or hard rains.
Nonbank banksNonbank banks, also called limited-service banks, offer some but not all of the services of a traditional commercial bank.
NoncallableWhen a bond is noncallable, the issuer cannot redeem it before the stated maturity date.
Noncompetitive bidInvestors who can't or don't wish to meet the minimum purchase requirements for competitive bidding on Treasury bills or notes may enter a noncompetitive…
Nondepository InstitutionFor-profit mortgage lending institutions (other than banks, savings associations, and credit unions). These institutions do not take deposits.
Nondiscrimination ruleAll qualified retirement plans, including 401(k) plans, must follow nondiscrimination rules.
Nondurable goodsTangible products that can be stored or inventoried and that have an average life of less than three years.
Noneconomic substance transactionMeans the disallowance of any loss, deduction or credit, or addition to income attributable to a determination that the transaction or arrangement lacks…
Nonfactor chargesIncome from current production not accruing to labor or capital. Includes business current transfer payments (net), taxes on production and imports, and…
Nonforfeiture clauseIf there is a nonforfeiture clause in your insurance policy contract, and you have let the policy lapse because you haven't paid a premium that's due, you…
Nonfrivolous petitionNonfrivolous petition is an I-129 petition which does not lack in legal sufficiency as determined by USCIS.
Nonliquid AssetAn asset that cannot easily be converted into cash.
Nonperforming AssetAn asset such as a mortgage that is not currently accruing interest or which interest is not being paid.
Nonproductive statusNonproductive status is a period when the H-1B worker is not performing work. If this is due to a decision by the employer, such as lack of work or…
NonprofitCharitable, cultural, and educational organizations that exist for reasons other than providing a profit for its owners, directors, or members are…
Nonqualified annuityAn annuity you buy on your own, rather than through a qualified employer sponsored retirement plan or individual retirement arrangement, is a nonqualified…
nonrefundable creditWhen the amount of a credit is greater than the tax owed, taxpayers can only reduce their tax to zero; they cannot receive a "refund" for any excess…
NonresidentialProperty designed for use by retail, wholesale, office, hotel, service, or other commercial use.
Nonresidential structuresInvestment in nonresidential structures consists of new construction (including own-account production), improvements to existing structures, expenditures…
Nonsystematic riskNonsystematic risk results from unpredictable factors, such as poor management decisions, successful competitive products, or suddenly obsolete…
North Dakota Insurance Guaranty FundA fund that pays an insurer's claims when the company is insolvent. All North Dakota licensed automobile insurance companies belong to the North Dakota…
Not Automatically ProtectedThere are several types of Federal benefits that are not automatically protected under 31CFR 212: Federal benefits received by check rather than direct…
Not-for-profitA not-for-profit organization pays taxes and may make a profit, but those profits are not distributed to its owners or members.