Related Words

Asset For Asset Swap: Creditors exchange the debt of one defaulting borrower for the debt of another defaulting borrower.

Nonjudicial Foreclosure: The process of selling real property under a power of sale in a mortgage or deed of trust that is in default. One disadvantage is that the lender cannot obtain a deficiency judgment. Also, s . . . View Full Definition

Nonoperating Assets: Investment and other assets not used in a business but held to earn a return separate from operations.

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

Nonforfeiture Clause: If there is a nonforfeiture clause in your insurance policy contract, and you have let the policy lapse because you haven’t paid a premium that’s due, you may qualify for the benefit named i . . . View Full Definition

Nonpublic Information: Information about a company that is not known by the general public, which will have a definite impact on the stock price when released. See: Insider trading.

Nonfinancial Assets: Physical assets such as real estate and machinery.

Non-Uniform Memory Access (NUMA): A method of configuring a cluster of microprocessor in a multiprocessing system so that they can communicate with each other, this improves performance and its expansion ability.

Nonconforming Use: A use of property, legally permitted to continue as such, in spite of the orignial zoning ordinance which prohibited such use for the area.

Noncurrent Asset: Any asset that is expected to be held for the whole year, not sold or exchanged, such as real estate, machinery, or a patent.