Noncompetitive Bid Related to Treasury auctions. Bid placed for a given number of securities at a price that equals the average price of the bids accepted finally. … [Read more...]
Nondiversifiability of Human Capital
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Nondiversifiability of Human Capital The problems that arise in diversification when applied to human capital owing to the special skills of different individuals. … [Read more...]
Nondiversifiable Risk
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Nondiversifiable Risk Also see: systematic risk. Risks that cannot be mitigated by spreading investment across different instruments and assets. … [Read more...]
Non Directed Order
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Non Directed Order Order given by customer to broker where instructions are not given with respect to routing destination. … [Read more...]
Non-marketed Claims
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Non-marketed Claims Liabilities or claims that are difficult to sell or buy in the markets. For example, lawsuit damages. … [Read more...]
Nonrecourse
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Nonrecourse Where there is no lien over assets beyond the liability stated in the contract. … [Read more...]
Nonredeemable
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Nonredeemable Where terms of indenture do not permit redemption. … [Read more...]
Nonrefundable
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Nonrefundable Where the terms of indenture specifically eliminate the possibility of refund. … [Read more...]
Non Refundable Tax Credit
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Non Refundable Tax Credit Also called wastable tax credit. A tax credit that cannot bring total payable tax to below zero. … [Read more...]
Nonsystematic Risk
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Nonsystematic Risk Also see: unique risk, diversifiable risk. Risk unique to a specific asset or firm. Such non-market risks can be limited through diversification. Such risk factors affect all such companies within the economy of a country. … [Read more...]
Normal Annuity Form
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Normal Annuity Form Schedule or manner whereby post retirement benefits are paid to beneficiary. … [Read more...]
Normal Backwardation Theory
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Normal Backwardation Theory Theory stating that price of futures will be pushed to levels lower than spot price expectation by demand- supply forces. … [Read more...]
Normal Deviate
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Normal Deviate Also see: standardized value. Gap between data and its average divided by standard deviation. … [Read more...]
Normal Market Size
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Normal Market Size Number of shares that can be traded at a quoted price. Influences the impact of market maker’s trading activities on the price of the stock. … [Read more...]
Normal Probability Distribution
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Normal Probability Distribution All possible values that can be taken by continuous random variable that is represented as a bell curve around the mean values. Has no skewness. … [Read more...]
Normal Portfolio
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Normal Portfolio Investment portfolio typically created by a money manager. Used to gauge how deviations in his strategy affect portfolio performance against a portfolio that he would have chosen had he followed his original strategy. … [Read more...]
Normal Random Variable
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Normal Random Variable Variable with a normal probability distribution. Used in quantitative analysis methods. … [Read more...]
Normalizing Method
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Normalizing Method Accounting method used to show along with the income, a charge equal to tax savings arising from various depreciation methods used for benefit of shareholders and to reduce tax payable. This practice allows the company to offset in the final net income presented … [Read more...]
Note
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Note Fixed income instruments or debt with between one to ten years maturity at issue. … [Read more...]
Note Against Bond Spread
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Note Against Bond Spread Also called Note over Bond spread. Denotes a spread established by taking opposite positions in a bond and note investment of different maturities. … [Read more...]
