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N
NASDAQ:
National Association of Security Dealers Automated Quotation system, a
screen-based quotation system supporting market making in registered
equities.
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negotiation:
a discussion with the aim of resolving a difference of opinion, or
dispute, or to settle the terms of an agreement or
transaction.
net
assets:
the amount by which the value of a company's assets exceeds its
liabilities.
net
capital:
the amount by which assets exceed the value of assets not easily
converted to cash.
net
cash balance:
the amount of cash that is on hand.
net
errors and omissions:
the net amount of the discrepancies that arise in calculations of
balances of payments.
net
fixed assets:
the value of fixed assets after depreciation.
net
margin:
the percentage of revenues that is profit.
net
operating income:
the amount by which income exceeds expenses, before considering taxes
and interest
net
proceeds: the amount realized from a transaction minus the
cost of making it.
net
profit:
gross profit minus costs.
net
worth: The total value of a business in financial terms. Net
worth is calculated by subtracting total liabilities from total assets.
niche:
A well-defined group of customers for which what you have to offer is
particularly suitable.
no-load fund: a mutual fund
that does not charge a fee for purchase or sale of shares.
nondisclosure
agreement:
a legally enforceable agreement preventing present or past employees
from disclosing commercially sensitive information belonging to the
employer to any other party.
nonrecurring:
One time, not repeating. "Nonrecurring" expenses are those
involved in starting a business, and which only have to be paid once and
will not occur again.
note:
A document that is recognized as legal evidence of a debt.
O
objective:
an end toward which effort is directed and on which resources are
focused, usually to achieve an organization's strategy.
obsolescence:
the decline of products in a market due to the introduction of better
competitor products or rapid technology developments.
open-end
credit:
a form of credit that does not have an upper limit on the amount that
can be borrowed or a time limit before repayment is due.
open
market:
a market that is widely available.
operating
cash flow:
the amount used to represent the money moving through a company as a
result of its operations, as distinct from its purely financial
transactions.
operating
costs: Expenditures arising out of current business
activities. The costs incurred to do business such as salaries,
electricity, rental. Also may be called "overhead."
optimize: to allocate such
things as resources or capital as efficiently as possible.
option:
a contract for the right to buy or sell an asset, typically a commodity,
under certain terms.
order:
a contract made between a customer and a supplier for the supply of a
range of goods or services in a determined quantity and quality, at an
agreed price, and for delivery at or by a specified time.
organizational
market: A marketplace made up of producers, trade industries,
governments and institutions.
outsourcing:
Term used in business to identify the process of sub-contracting work
to outside vendors.
The transfer of the provision of services previously carried out by
in-house personnel to an external organization, usually under a contract
with agreed standards, costs, and conditions.
overdraft:
the amount by which the money withdrawn from a bank account exceeds the
balance of the account.
overdraft
facility: a credit arrangement with a bank, allowing a person
or company with an account to use borrowed money up to an agreed limit
when nothing is left in the account.
overdrawn: in debt to a bank because the amount withdrawn
from an account exceeds its balance.
outsourcing:
Term used in business to identify the process of sub-contracting work
to outside vendors
overhead:
A general term for costs of materials and services not directly adding
to or readily identifiable with the product or service being sold.
Overprice:
to set the price of a product or service too high, with the result that
it is unacceptable to the market.
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