Notice Of Default

A notice of default is a formal, public filing by a mortgage lender (or the lender’s agent) stating that a borrower has breached the…

Not Held Order

Key takeaways – A not‑held order (also called a discretionary or “with discretion” order) gives a broker time and price discretion to decide when…

Notary

Key takeaways – A notary public is a state‑commissioned impartial official who verifies identity, witnesses signatures, and helps prevent fraud in certain legal transactions.…

Not For Profit Mean

A not‑for‑profit organization is an entity that does not distribute earnings to owners, members, directors, or officers. Any money it receives—whether from fees, sales,…

Nostro Account

A nostro account is an account that a domestic bank holds in a foreign bank, denominated in the foreign bank’s currency. From the perspective…

Normative Economics

Key Takeaways – Normative economics expresses value judgments about what economic outcomes should be pursued (it answers “ought” questions). – It is prescriptive, not…

North Sea Brent Crude

Key Takeaways – North Sea Brent Crude is a blended light, sweet crude produced from multiple fields in the North Sea and used as…

Normalized Earnings

Key takeaways – Normalized earnings (normalized income) adjust reported earnings to remove one-time, nonrecurring items and to smooth seasonality so stakeholders can see a…

Normal Distribution

A normal distribution (Gaussian distribution or “bell curve”) is a continuous probability distribution in which values symmetrically cluster around a central mean. The shape…

Nordic Model

The Nordic model (also called the Scandinavian model) is an economic and social system used in Sweden, Norway, Denmark, Finland and Iceland that combines…