Negotiable Instrument
A negotiable instrument is a specialized type of “contract” for the payment of money that is unconditional and capable of transfer by negotiation. Common examples include cheques, banknotes (paper money), and commercial paper.An instrument (contractual document) which is readily transferable.
Nervous Market
Stock market which is reacting sharply to economic to political events, such as an annual budget unfavourable to industrial growth, drought, imposition or removal of price controls, change of government etc.
Nest Egg
A special sum of money saved or invested for one specific future purpose.
Examples of the purposes for which nest eggs are usually intended include retirement, education, and even entertainment (vacations and cruises). The main idea is that the money in the nest egg shouldn’t be touched except for the purpose for which you saved it. A person’s savings towards retirement is termed as nest egg. These are usually put into safe, low – income investments to meet a person’s needs in retirement.
Net Book Value
The value of an asset as it appears on the books of a company as on the date of the last balance sheet, after the calculation and appplication of the depreciation value . It is not the market value of the asset.
Net Liquid Assets
A measure that examines a company’s net liquid financial assets. The net liquid assets show how much of a company’s liquid assets would be left if all current liabilities were paid off.
Numbered Account
A bank account which is known only by its number and that too by the account holder only, the name of the account holder being kept secret. Swiss banks specialize in this, the immediate haven for tainted money.