include (WP_CONTENT_DIR . '/themes/sbaccounting/glossary-nav.php'); ?>
Negotiable: Transferable. A capability of a financial tool which allows it to be transferred from one person to another while meeting certain conditions.
Net exports: The difference between the export and the import of goods and services.
Net return on capital: Correlation between the net capital income (total income minus amortization) and the expenses made for its acquisition (renting).
Net taxes: The difference between the budget income received from taxes and the transferred payments.
Net worth: The difference between the total value of the assets and the total value of the liabilities of a certain person or company. When it comes to companies the term stockholders’ equity is also used.
Net internal product: The difference between the GDP and the amortization.
Net investments: The difference between the gross investments and the amortizations.
Net indirect taxes: The difference between the indirect taxes and the subsidies.
Nonprofit organisations: Organization that does not issue stock shares or distribute its surplus funds to owners or shareholders, but instead uses the funds to help achieve its goals. Its earnings must be retained by the organization for its self-preservation, expansion, or plans. Such organisations are foundations, associations, charity organizations, etc.
Net selling price: The amount which can be received for a certain asset in every deal between informed and willing to conclude the deal buyer and seller minus the expenses related to the deal.
Net realizable value: The assumed selling price in the normal course of the economic activity minus the approximate value of the expenses occurred for finalizing the production cycle and the sale.
Non-controlling participation: The capital of a certain company which cannot be directly or indirectly related to the mother company.
Non-cash payments: Payments executed with no cash, but via checks or payment orders for transferring amounts from the payer’s account to the payee’s account in the same or in a different bank.
Non-resident: This classification is focused on where the person resides and does not focus on citizenship. An individual who mainly resides in one region or jurisdiction but has interests in another region. In the region where he or she does not mainly reside, he or she will be classified by the government authorities as a non-resident. The classification itself will be determined in each region based on set circumstances such as the amount of time spent within the region during the calendar year.
National wealth: All the assets possessed by the citizens of one country in a certain moment. The most reliable assessments can be done for companies since they have balance sheets.
Non-market sector: Part of the economy which does not sell its goods or services. The activity of the governments and the households’ production usually represent the activity in this sector.
Normal profit: The minimum amount of profit needed by one firm in order to continue to exist. The level of the normal profit is equal to the level to the alternative company’s expenses for investing in this industry. The normal profit is used as a base when the power of the monopoly is being measured – if the company has a greater profit than the normal then it can be considered as a monopolistic to a certain extent.
Non-tariff barrier: An import barrier different from the customs duty. This can be using strict security standards, strict administrative standards, certain quotas in international plan, special trade agreements, or voluntary restrictions for export.
Nominal gross domestic product: The gross domestic product in current prices. The nominal gross domestic product is considered as a good ground for regulating the public expenses.
Normal good: A good for which the demand rapidly increases with the increase in the incomes.