Finance terms starting with N

66 terms

Naked option When you write, or sell, a call option but don't own the underlying instrument, such as a stock in the case of an equity option, the option is described…
Named driver exclusion An endorsement that provides that a policy does not cover accidents when a specifically named person is the driver.
Named driver policy An automobile insurance policy that doesn't provide coverage for an individual residing in a named insured ’s household specifically unless the…
Named perils Specific events covered by a policy, such as fire, windstorm, and theft.
Named perils policy A named perils policy is a standard homeowners insurance policy that offers limited protection for damage from fire and theft and other hazards specified…
NASD NASD is the largest self-regulatory organization (SRO) in the United States. Formerly known as the National Association of Securities Dealers, NASD…
NASDAQ NASDAQ is the world's oldest electronic stock market and the largest stock exchange in the United States.
NASDAQ Composite Index The NASDAQ Composite index tracks the prices of all of the securities traded on the NASDAQ Stock Market.
NASDAQ Stock Market The NASDAQ Stock Market is the world's oldest and largest electronic stock market and is now a national securities exchange and an independent…
National Association of Securities Dealers Automated Quotation System (NASDAQ) NASDAQ is a computerized stock trading network that allows brokers to access price quotations for stocks being traded electronically or sold on the floor…
National Bank A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S.
National Credit Union Administration (NCUA) The Federal regulatory agency that charters and supervises Federal credit unions.
National debt The 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) 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) 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 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.
Negative amortization When your loan principal increases rather than decreases because your monthly payment isn't enough to cover the loan interest, that's called negative…
Negative Equity the condition of owing more on the property than the property is worth.
Negative yield curve A 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…
Negligence Failure to exercise a generally acceptable level of care and caution resulting in injury or damage to a third party.
Negligence/Negligent A determination of fault in an accident caused by your inattention or carelessness.
Negotiable A negotiable contract is one whose terms can be altered by agreement between the parties to the contract.
Negotiable-order-of-withdrawal account A 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 value Net 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 share Net asset value of a mutual fund divided by the number of shares or units outstanding.
Net change The 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 margin A company's net margin, typically expressed as a percentage, is its net profit divided by its net sales.
Net Worth A 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…
Netting Netting is a process the National Securities Clearing Corporation (NSCC) uses to streamline securities transactions.
New Entrant OGE Form 450 You are a new entrant if you did not file an OGE Form 450 or an OGE Form 450-A last year.
New Entrant SF 278 A 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 Issue When 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 Index This New York Stock Exchange Composite Index measures the performance of the common stocks listed on the NYSE, including those of companies headquartered…
Nikkei Stock Average The 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…
No-fault insurance A 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 fund A mutual fund that does not charge a fee for buying or selling its shares.
No-load mutual fund You buy a no-load mutual fund directly from the investment company that sponsors the fund.
Nominal yield Nominal yield is the annual income that you receive from a bond or other fixed-income security divided by the par value of the security.
Nominee name Nominee name is the name that a brokerage firm uses to register ownership of stocks or bonds it holds for investors.
Non-Bound Application There 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-Career SES Employee Non-Career Senior Executive Service Employee.
Non-endowment Funds Composed of various trust monies invested on behalf of Arizona's state agencies, as well as local governments.
Non-forfeiture Values The value of the policy if cancelled, either in cash or in another form of insurance.
Non-Member A 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 policy Insurance coverage that offers liability, uninsured motorist, and medical payments to a named insured who does not own a vehicle.
Non-participating Insurance Insurance on which no dividends are paid.
Non-renewal A notice of the insurance company’s refusal to renew your policy prior to the end of the policy term.
Non-Residential Includes, but is not limited to: small business concerns, churches, schools, farm buildings (including grain bins and silos), pool houses, clubhouses…
Non-Special Flood Hazard Area (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 banks Nonbank banks, also called limited-service banks, offer some but not all of the services of a traditional commercial bank.
Noncallable When a bond is noncallable, the issuer cannot redeem it before the stated maturity date.
Noncompetitive bid Investors 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 Institution For-profit mortgage lending institutions (other than banks, savings associations, and credit unions). These institutions do not take deposits.
Nondiscrimination rule All qualified retirement plans, including 401(k) plans, must follow nondiscrimination rules.
Nonforfeiture clause If 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…
Nonprofit Charitable, cultural, and educational organizations that exist for reasons other than providing a profit for its owners, directors, or members are…
Nonqualified annuity An annuity you buy on your own, rather than through a qualified employer sponsored retirement plan or individual retirement arrangement, is a nonqualified…
nonrefundable credit When 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…
Nonsystematic risk Nonsystematic risk results from unpredictable factors, such as poor management decisions, successful competitive products, or suddenly obsolete…
North Dakota Insurance Guaranty Fund A 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-for-profit A not-for-profit organization pays taxes and may make a profit, but those profits are not distributed to its owners or members.
Note A note is a debt security that promises to pay interest during the term that the issuer has use of the money, and to repay the principal on or before the…
nullification A state's refusal to recognize or obey a federal law.
NYSE Arca NYSE Arca, one of the two securities exchanges operated by the NYSE Group, Inc., is the first open, all-electronic stock exchange in the United States.