Category: N
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Non Recourse Factoring
Treatment of Non Recourse Factoring in the United States Law The following is a short concept of Non Recourse Factoring published by Marco Terry: A form of factoring where the factoring company will absorb any credit losses that result from a customer defaulting on an invoice. The types of […]
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Next Day
Definition of Next Day in Futures Trading In this area, here is a meaning of Next Day: A spot contract that provides for delivery of a commodity on the next calendar day or the next business day. Also called day ahead.
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Network
Network in the Context of Payments Definition of Network in the context of payments: An entire system of communication hardware and software used to transfer electronic information during the authorization and settlement process.
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Net Asset Value
Definition of Net Asset Value (NAV) in Futures Trading In this area, here is a meaning of Net Asset Value (NAV): The value of each unit of participation in a commodity pool.
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Notional Principal
Definition of Notional Principal in Futures Trading In this area, here is a meaning of Notional Principal: 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 […]
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Nominal Price
Definition of Nominal Price (or Nominal Quotation) in Futures Trading In this area, here is a meaning of Nominal Price (or Nominal Quotation): 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 […]
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No-Show
No-Show in the Context of Payments Definition of No-Show in the context of payments: A charge to a cardholder account by a lodging merchant if the person either fails to arrive or fails to cancel the guaranteed reservation.
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Naked Option
Definition of Naked Option in Futures Trading In this area, here is a meaning of Naked Option: The sale of a call or put option without holding an equal and opposite position in the underlying instrument. Also referred to as an uncovered option, naked call, or naked put.
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Netting
Definition of Netting in Futures Trading In this area, here is a meaning of Netting: The process of calculating aggregate risk exposures across the portfolios of market participant. For example, if a trader has entered one trade in which she is long $100 worth of corn and another where she is […]
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Notice of Assignment
Treatment of Notice of Assignment in the United States Law The following is a short concept of Notice of Assignment published by Marco Terry: A notice that is sent to customers informing them that the invoice has been factored and pledged as collateral. The NOA also informs the customer of the […]