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Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "N"

Displaying next 200 results of 316
Nominal Dollars
Definition: Dollars that are not adjusted for inflation.
Nominal Exchange Rate
Definition: The actual foreign exchange quotation in contrast to the real exchange rate, which has been adjusted for changes in purchasing power.
Nominal Exercise Price
Definition: The exercise price of a GNMA option contract, which equals the unpaid principal balance multiplied by the adjusted exercise price.
Nominal Income
Definition: Income that has not been adjusted for inflation and decreasing purchasing power.
Nominal Interest Rate
Definition: The interest rate unadjusted for inflation.
Nominal Price
Definition: Price quotations on futures for a period in which no actual trading took place.
Nominal Price (or Nominal Quotation)
Definition: Computed price quotation on a futures or option contract for a period in which no actual trading took place, usually an average of bid and asked prices or computed using historical or theoretical relationships to more active contracts.
Nominal Quotation
Definition: Used in the context of general equities. Bid and offer prices given by a market maker for the purpose of valuation, not as an invitation to trade; must be specifically identified as such by prefixing the quotes FYI (for your information) or FVO (for valuation only).
Nominal Yield
Definition: The income received from a fixed income security in one year divided by its par value. See also: Coupon rate.
Nominee
Definition: A person or firm to whom securities or other properties are transferred to facilitate transactions, while leaving the customer as the actual owner.
Nominee Director
Definition: Every IBC must have a Board of Directors. The Board may consist of one person or many people. For instance, the beneficial owner of the IBC may appoint himself/herself as the director and sole officer of the corporation. However, most IBCs are formed with a nominee director. The nominee may be, but does not have to be, an individual who works and/or resides in the country where the IBC was formed. The nominee may be used to sign (contracts, loans, etc.) for the IBC should the beneficial owner not want his/her signature to be connected with the corporation. Typically, the nominee director will have no knowledge of the IBC's affairs or accounts, cannot control or influence the IBC, and will not act unless instructed to by the beneficial owner.
Nominee Name
Definition: A name that is used by the corporation as a generic registered owner on a stock or bond certificate. The use of nominee names makes the processing of security transfers easier.
Non Vessel Operating Common Carriers (NVOCC)
Definition: An ocean carrier that does not own or operate their own vessels. They use less than full containerloads which they ship on actual ship lines. They issue their own bills of lading which are backed up by actual on board ocean bills of lading issued to them by the other carrier.
Non-Discretionary Proposal
Definition: A proposition on a proxy card requiring a response from the beneficial owner which does not fall under the Ten Day Rule. Therefore, the broker cannot vote on behalf of the beneficial owner, it can only vote after specific instructions have been received from the beneficial owner.
Non-Equity Option
Definition: An option whose underlying entity is not common stock; typically refers to options on physical commodities and index options.
Non-Member Traders
Definition: Speculators and hedgers who trade on the exchange through a member or a person with trading privileges but who do not hold exchange memberships or trading privileges.
Nonaccredited Investor
Definition: Wealthy, sophisticated investors who do not meet SEC net worth requirements. These investors require less protection because of large financial resources, but only 35 nonaccredited investor can be included per investment.
Nonadverse Party
Definition: Any person who is not an adverse party. Irc § 672(b). A person who is nonadverse and who has a certain relation to the grantor is termed a "related or subordinate party." such party is considered to be subservient to the grantor in most instances with regard to the exercise of power, unless a preponderance of the evidence indicates otherwise. Irc § 672(c).
Noncallable
Definition: A preferred stock or bond that cannot be redeemed whenever desired by the issuer.
Noncash Charge
Definition: A cost, such as depreciation, depletion, and amortization, that does not involve any cash outflow. That is, this is treated as an accounting expense -- not a real expense that demands cash.
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