Business Terms

NASDAQ: National Association of Security Dealers Automated Quotation system, a screen-based quotation system supporting market making in registered equities.

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.