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Superglossary - Finance Category: Economy and Finance > Finance Date & country: 16/12/2013, USA Words: 5410

Noninsured Plans
Defined benefit pension plans that are not guaranteed by life insurance products. Related

Noninterest-Bearing Note
A note without periodic interest payment, but selling at a discount and maturing at face value. See:

Nonmarketed Claims
Claims that cannot be easily bought and sold in the financial markets, such as those of the governme

Nonmember Firm
Used for listed equity securities. Brokerage firm that is not a member of an organized exchange (NYS

Nonperforming Asset
An asset that is not effectively producing income, such as an overdue loan.

Nonproductive Loan
A loan that increases spending power, but is used in business that does not directly increase the ec

Nonpublic Information
Information about a company that is not known by the general public, which will have a definite impa

Nonpurpose Loan
A loan with securities pledged as collateral, but which is not to be used in securities trading or t

Nonqualifying Annuity
An annuity that does not fall under an IRS-approved pension plan. Contributions are made with after-

Nonqualifying Stock Option
An employee stock option that does not satisfy IRS qualifying rules and therefore is liable for taxa

Nonrated
A bond that has not been rated by a large rating agency, usually because the issue is too small.

Nonrecourse
In the case of default, the lender has ability to claim assets over and above what the limited partn

Nonrecourse Loan
A loan taken by limited partners used to finance their portion of the partnership, which is secured

Nonrecurring Charge
A one-time expense or credit shown in a company's financial statement.

Nonredeemable
Not permitted, under the terms of an indenture, to be redeemed.

Nonrefundable
Not permitted, under the terms of an indenture, to be refundable.

Nonreproducible Assets
A tangible asset with unique physical properties, like a parcel of land, a mine, or a work of art.

Nonsystematic Risk
Nonmarket or firm-specific risk factors that can be eliminated by diversification. Also called uniqu

Nontradables
Goods and services produced and consumed domestically that are not close substitutes to import or ex

Nonvoting Stock
A security that does not entitle the holder to vote on the corporation's resolutions or elections.

Normal Annuity Form
The manner in which retirement benefits are paid out.

Normal Backwardation Theory
Holds that the futures price will be bid down to a level below the expected spot price.

Normal Deviate
Related

Normal Investment Practice
The investment history of a customer, which is used as a benchmark to test the bona fide public offe

Normal Market Size (NMS)
A system that categorizes the size of transactions that are normal for a particular security and for

Normal Portfolio
A customized benchmark that includes all the securities from which a manager normally chooses, weigh

Normal Probability Distribution
A probability distribution for a continuous random variable that forms a symmetrical bell-shaped cur

Normal Random Variable
A random variable that has a normal probability distribution.

Normal Retirement
The age or number of working years after which a pension plan beneficiary can retire and receive unr

Normalized Earnings
Earnings that have been adjusted in order to take into account the effect of cycles in the economy.

Normalizing Method
Making a change in the income account equivalent to the tax savings realized through the use of diff

Not A Name With Us
Refers to over-the-counter trading. Not a registered market maker in the security, especially in OTC

Not Held Order (NH Order)
Applies mainly to international equities. Market or limit order in which the customer does not desir

Not Rated
A rating service indicator, neither positive nor negative, showing that a security or company has no

Not-For-Profit
An organization established for charitable, humanitarian, or educational purposes that is exempt fro

Not-Sufficient-Funds Check
A bank check having insufficient funds to back it.

Note
Debt instruments with initial maturities longer than one year and shorter than 10 years.

Note Agreement
A contract for privately placed debt.

Note Issuance Facility (NIF)
An agreement by which a syndicate of banks indicates a willingness to accept short-term notes from b

Notes To The Financial Statements
A detailed set of notes immediately following the financial statements in an annual report that expl

Notice Day
A day on which notices of intent to deliver pertaining to a specified delivery month may be issued.

Notice Of Sale
A notice advertising a new issue of municipal securities and inviting underwriters to submit competi

Notification Date
The day the option is either exercised or expires.

Notional Principal Amount
In an interest rate swap, the predetermined dollar principal on which the exchanged interest payment

Nouveau Marche
An equity market unit of the Paris Bourse that deals solely in innovative, high-growth companies.

Novation
Defeasance whereby the firm's debt is cancelled.

NPV Profile
A graph of NPV as a function of the discount rate.

Numismatist
Collector of historical coins and currencies.

NYSE Composite Index
Composite index covering price movements of all new world common stocks listed on the New York Stock

Objective (Mutual Funds)
The fund's investment strategy category as stated in the prospectus. There are more than 20 standard

Obligation
A legal responsibility, such as to repay a debt.

Obligation Bond
A municipal bond with a face value greater than the value of the underlying property. The difference

Obligor
A person who has an obligation to pay off a debt.

Odd Lot
A trading order for less than 100 shares of stock. Compare round lot.

Odd-Lot Dealer
A broker who combines odd lots of securities from multiple buy or sell orders into round lots and ex

Odd-Lot Short-Sale Ratio
The percentage of total odd-lot sales that is composed of short sales.

Odd-Lot Theory
The theory that profits can be made by making trades contrary to odd-lot trading patterns, since odd

OEX Index
Applies to derivative products. Quotron symbol for the S&P 100 index option.

Off-Balance-Sheet Financing
Financing that is not shown as a liability on a company's balance sheet.

Off-Board
Used for listed equity securities. Transacted away from a national securities exchange even though t

Off-Floor Order
Used for listed equity securities. (1) Order to buy or sell a security that originates off the floor

Offer
Indicates a willingness to sell at a given price. Related

Offer Wanted
Used in the context of general equities. Notice by a potential buyer of a security that he or she is

Offering Date
Date on which a new set of stocks or bonds will first be sold to the public.

Offering Memorandum
A document that outlines the terms of securities to be offered in a private placement.

Offering Scale
The range of prices offered by the underwriter of a serial bond issue with different maturities.

Offerings
Often refers to initial public offerings. When a firm goes public and makes an offering of stock to

Office Of Thrift Supervision (OTS)
An agency of the U.S. Treasury department responsible for the U.S. savings and loan industry.

Official Reserves
Holdings of gold and foreign currencies by official monetary institutions.

Official Statement
A statement published by an issuer of a new municipal security describing itself and the issue

Official Unrequited Transfers
Include a variety of subsidies, military aid, voluntary cancellation of debt, contributions to inter

Offset
Elimination of a long or short position by making an opposite transaction. Related

Offshore Finance Subsidiary
A wholly owned affiliate incorporated overseas, usually in a tax haven country, whose function is to

Old-Line Factoring
Factoring arrangement that provides collection, insurance, and finance for accounts receivable.

Oligopoly
A Market characterized by a small number of producers who often act together to control the supply o

Oligopsony
A Market characterized by a small number of large buyers who control all purchases and therefore the

OM Stockholm AB
The derivatives market of Sweden, trading a wide variety of interest rate and bond futures. The exch

Omitted Dividend
A dividend that was scheduled to be declared, but that is not voted by the board of directors probab

Omnibus Account
An account carried by one futures commission merchant with another futures commission merchant in wh

On
Used in the context of general equities. Conjunction that denotes trade execution /indication, usual

On A Clean Up
Used in the context of general equities. Willingness to participate in part of a trade if all of the

On Balance
Used for listed equity securities. Left over after pairing off other market buy and sell orders, usu

On Board
Used in the context of general equities. Long.

On The Close Order
A market order that is to be executed as close as possible to the closing price of the day.

On The Money
Used in the context of general equities. In-line, or at the same price, as the last sale.

On The Opening Order
A market order that is to be executed at the price of the first trade of the day.

On The Print
Used in the context of general equities. To participate in a block trade that has already transpired

On The Run
The most recently issued (and typically the most liquid) government bond in a particular maturity ra

On The Sidelines
An investor who decides not to invest due to market uncertainty.

On The Take
Used in the context of general equities. Price moving upward, because more buyers are taking offerin

On The Tape
Used in the context of general equities. (1) Trade printed on the ticker tape; (2) news displayed on

On-Floor Order
Used for listed equity securities. Security order originating with a member on the floor of an excha

One-Decision Stock
A quality stock that is not actively traded, but rather held for its growth potential.

One-Factor APT
A special case of the arbitrage pricing theory that is derived from the one-factor model by using di

One-Man Picture
When both bid and the offered prices of a broker come from the same source.

One-Share-One-Vote Rule
The principle that all shareholders should have equal voting rights in public companies and each sha

One-Way Market
(1) A market in which only one side, the bid or asked, is quoted or firm. (2) A market that is movin

OPD
Tape symbol showing either the first transaction of the day in a security after a delayed opening or

Open
Used in the context of general equities. Having either buy or sell interest at the indicated price l

Open Account
Arrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, and the