|
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | XYZ | Back to main
National Association of Securities Dealers (NASD) - A self-regulating, non-government organization, the NASD is best known for its Nasdaq Stock Market. However, the NASD is also makes rules and polices its members’ business activities, covering nearly every brokerage and securities firm in the U.S. The NASD inspects brokerage records, arbitrates disputes and licenses all sales representatives and managers of member firms, working in close cooperation with federal regulators at the Securities and Exchange Commission.
NASDAQ - National Association of Securities Dealers Automated Quotations. Once an electronic quotation service for OTC stocks and expressed by its acronym, NASDAQ, the stock exchange known today as Nasdaq or the Nasdaq Stock Market operates as both a quotation service and a stock exchange permitting dealers to trade its listed securities. Nasdaq Stock Market is owned and operated by the National Association of Securities Dealers (NASD).
National Quotation Bureau - Independent company best known for its publication of the NQB Pink Sheets. The Pink Sheets report broker dealers’ bids and asks for unlisted securities.
Net Asset Value (NAV) - Value of a mutual fund share calculated by deducting the fund's liabilities from the portfolio's total assets and dividing this amount by the number of shares outstanding. NAV is calculated once a day, based on the closing market price for each security in the fund's portfolio.
Net Assets - Difference between a company's total assets and total liabilities as reported in its financial statements.
Net Capital Requirement - Securities Exchange Commission requirement that broker-dealers in securities maintain a maximum 15 to 1 ratio of indebtedness to cash and liquid assets.
Net Earnings - Amount of a company's income after all expenses have been met; also called Net Income, Net Profit, or Net Loss if the total is a negative.
Net Worth - Generic term often used to describe the "net assets" of a person, corporation or other organization.
New York Mercantile Exchange - Exchange for futures and commodities contracts.
New York Stock Exchange (NYSE) - Oldest and largest stock exchange in the U.S. Shares of stocks listed on the NYSE trade in an auction-style environment on the exchange floor. Trading in each listed stock is managed by a person called a "specialist" who is responsible for maintaining a balanced market in a particular security.
No-Load Fund - Mutual fund that does not deduct sales charges from the net asset value of shares purchased by investors. Virtually unknown some 20 years ago, no-load funds have become one of the most popular ways to invest.
Nominal Yield - Interest rate stated on a bond; also called coupon rate. For example, a bond that pays $90 a year and has a par value of $1,000 has a nominal yield of 9%. The nominal yield is the same as the actual yield only when a stock or bond is bought exactly at par value.
Non-Qualifying Stock Option - Employee stock option failing to meet Internal Revenue Service criteria for Qualifying Stock Options.
Note - Written obligation to pay a specific amount to a certain entity on a specific date; often refers to short-term obligations maturing in 12 months or less. | 
