Non sufficient funds (NSF)
• Non‑sufficient funds (NSF) occurs when an account lacks enough money to cover a payment and the bank returns (bounces) that payment. An NSF…
Non recourse debt
Below is a structured, practical guide to what non-recourse debt is, how it differs from recourse debt, when and why loans are issued non-recourse,…
Non Exempt Employee
Key takeaways – A non‑exempt employee is covered by the federal Fair Labor Standards Act (FLSA) rules that require at least minimum wage and…
Non Disclosure Agreements (NDAs)
Overview / Key Takeaways – An NDA (non‑disclosure agreement), also called a confidentiality agreement, is a legally binding contract that creates a confidential relationship…
Non Deliverable Forwards (NDFs)
Overview / Key Takeaways – A non-deliverable forward (NDF) is an over‑the‑counter (OTC) currency derivative used to hedge or speculate on exchange‑rate movements for…
Non Compete Agreement
A non‑compete agreement (also called a covenant not to compete or restrictive covenant) is a contract that limits an employee’s ability to work for,…
Non Accelerating Inflation Rate of Unemployment (NAIRU)
Key takeaways – NAIRU is the unemployment rate consistent with stable inflation—i.e., when unemployment equals NAIRU, inflation neither accelerates nor decelerates. – NAIRU is…
Nominal Value
Introduction Nominal value (also called face value or par value) is the stated monetary value of a security or economic measure that does not…
Nominal Gross Domestic Product (GDP)
Introduction Nominal gross domestic product (GDP) measures the market value of all final goods and services produced in an economy during a period using…
Nixon Shock
Summary / Fast Fact – The “Nixon Shock” refers to President Richard Nixon’s Aug. 15, 1971 announcement that suspended the dollar’s convertibility into gold…