Personal Finance Glossary
Definition of Recognized Loss
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A "naked call" is the writing (selling) of a call option without ownership of the underlying... more
A "naked option" is the writing (selling) of a call or put option without ownership of the... more
The term "naked position" refers to a securities investment that is not hedged from market risk. ... more
A "naked put" is the writing (selling) of a put option without ownership of the underlying... more
The "National Association of Securities Dealers" or the "NASD" is a nonprofit, self-regulatory... more
"NASDAQ" or the "National Association of Securities Dealers Automatic Quotation System" is an... more
The "NASDAQ 100 Index" is an index that tracks the 100 largest stocks listed by the Nasdaq... more
The "NASDAQ Composite Index" is a market-capitalization weighted index of the more than 5,000... more
The "NASDAQ National Market" is a market that consists of over ,3000 companies that have an... more
The "National Association of Securities Dealers" or the "NASD" is a nonprofit, self-regulatory... more
The term "national debt" refers to the debt owed by the U.S. government, including T-bills, bonds,... more
"NAV" stands for "net asset value." In connection with reference to mutual funds, NAV is typically... more
"Negative amortization" refers to a loan repayment schedule where the outstanding principal balance... more
"Negative cash flow" refers to a situation where a business is spending more than it is... more
"Net Asset Value" or "NAV", in connection with reference to mutual funds, is typically defined to... more
"Net income" typically refers to a company's revenues minus its expenses. Net income is also... more
A "net lease" is a lease under which the lessee is responsible for all property taxes, insurance,... more
The term "net loss" refers to the financial situation where the total expenses of an enterprise... more
A "net operating loss" or "NOL" is a tax term for the excess of business expenses over income in a... more
The "New York Stock Exchange" or "NYSE" is one of the major stock markets in the United States. The... more
"Nikkei" refers to the main index for the Tokyo stock... more
A "no documentation loan" is a mortgage where the applicant provides minimal information and... more
A "no-load fund" is a mutual fund that does not charge a sales commission, although it can charge... more
"No par value stock" is stock without a designation of par value in the company's charter. ... more
A "net operating loss" or "NOL" is a tax term for the excess of business expenses over income in a... more
A "non-competition agreement" is a contract between one party who agrees not to compete with the... more
A "non-disclosure agreement" is a contract that contemplates one party disclosing proprietary or... more
A "non-qualified stock option" or "NSO" is a stock option which does not qualify for the special... more
The term "nontaxable dividends" refers to dividends that are not taxed to the recipient. An... more
A "not sufficient funds check" or "NSF" is a check drawn on a financial institution with... more
A "NSF" is a check drawn on a financial institution with insufficient funds in an account to cover... more
A "non-qualified stock option" or "NSO" is a stock option which does not qualify for the special... more
The "New York Stock Exchange" or "NYSE" is one of the major stock markets in the United States. The... more
The "NYSE Composite Index" is a market value weighted index that tracks all of the common stocks on... more
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    Bourse

    The term "Bourse" refers to a French term for a stock exchange. The national stock...