Super Finance Glossary

Finance

Over 10,000 financial glossary terms...

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Browsing by the letter "N"

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Notice Day
Definition: A day on which notices of intent to deliver pertaining to a specified delivery month may be issued. Related: Delivery notice.
Notice Of Intent To Deliver
Definition: A notice that must be presented by the seller of a futures contract to the clearing organization prior to delivery. The clearing organization then assigns the notice and subsequent delivery instrument to a buyer. Also Notice of Delivery.
Notice Of Meeting
Definition: The legal one-page notice to security holders stating the date, time and place of the shareholder meeting. This page is normally attached to the front of the proxy statement.
Notice Period
Definition: The time during which the buyer of a futures contract can be called upon to accept delivery. Typically, the 3 to 6 weeks preceding the expiration of the contract.
Notification Date
Definition: The day the option is either exercised or expires.
Notional Principal
Definition: In an interest rate swap, forward rate agreement, or other derivative instrument, the amount or, in a currency swap, each of the amounts to which interest rates are applied in order to calculate periodic payment obligations. Also called the notional amount, the contract amount, the reference amount, and the currency amount.
Notional Principal Amount
Definition: In an interest rate swap, the predetermined dollar principal on which the exchanged interest payments are based.
Nouveau Marche
Definition: An equity market unit of the Paris Bourse that deals solely in innovative, high-growth companies.
Novation
Definition: Defeasance whereby the firm's debt is cancelled.
NP
Definition: The two-character ISO 3166 country code for NEPAL.
NPR
Definition: The ISO 4217 currency code for the Nepalese Rupee.
NPV
Definition: See: Net present value
NPV Profile
Definition: A graph of NPV as a function of the discount rate.
NR
Definition: The two-character ISO 3166 country code for NAURU.
NRA (Non-Resident Alien) Tax
Definition: The tax which must be withheld by the corporation or its disbursing agent (usually 15% or 30%, depending on the hold's citizenship).
NTE
Definition: Short for Not To Exceed.
NU
Definition: The two-character ISO 3166 country code for NIUE0.
Nugget
Definition: A 15 year Gold FHLMC (Freddie Mac) bond; similar to a Dwarf.
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