Noninterest Expense

• Noninterest expenses are a bank’s operating costs that are not interest payments or provisions for credit losses (examples: salaries, occupancy, IT, professional fees).…

Nonforfeiture Clause

A nonforfeiture clause is a provision in many permanent (whole life and some long‑term care) insurance policies that prevents a policyholder from losing the…

Nonfinancial Asset

Introduction A nonfinancial asset is any asset whose value comes from its physical characteristics or legal rights rather than a contractual claim on another…

Nonfeasance

Nonfeasance is the intentional failure to perform a legal duty or an act required by one’s position, office, contract, or law, where that omission…

Nonfarm Payroll

Nonfarm payroll (often shortened to “NFP”) is the monthly count of U.S. payroll jobs reported by the U.S. Bureau of Labor Statistics (BLS) that…

Non Deliverable Swap Nds

An NDS is a currency swap used when one of the currencies is restricted or non‑convertible in the local foreign‑exchange market. Unlike a conventional…

Noncurrent Liabilities

Key Takeaways – Noncurrent liabilities (aka long-term liabilities or long-term debt) are obligations whose contractual maturity is more than 12 months from the balance-sheet…

Noncurrent Assets

Key takeaways – Noncurrent (long‑term) assets are resources a company expects to use or hold for more than one year or one operating cycle.…

Noncumulative

Key takeaways – Noncumulative describes a class of preferred stock that does not entitle holders to recover dividends that the issuer omitted or skipped…

Non Controlling Interest

• A non-controlling interest (NCI), also called a minority interest, is an ownership stake representing less than 50% of a company’s outstanding voting shares;…