Related Words

Near Money: Assets that are easily convertible into cash, such as money market accounts and bank deposits.

New Money: In a Treasury auction, the amount by which the par value of the securities offered exceeds that of those maturing.

Nearest Month: The expiration date of an option or future that is closest to the present.

Nonlinear Editing (NLE): Editing performed on a computer, in which shots do not have to be placed one after the other (i.e., in a linear fashion).

Nonmoney Income: A statistical allowance used in farm income compilations to credit farmers with income for the value of farm products used on the farm (instead of being sold for cash) and the rental value o . . . View Full Definition

Out-Of-The-Money Option: A call option is out of the money if the strike price is greater than the market price of the underlying security. That is, you have the right to purchase a security at a price higher than t . . . View Full Definition

Out-Of-The-Money: An option is out-of-the-money when the market price of an instrument on which you hold an option is not close to the strike price. Call options — which you buy when you think the price is go . . . View Full Definition

On The Money: Used in the context of general equities. In-line, or at the same price, as the last sale.

Nearby Futures Contract: When several futures contracts are considered, the contract with the closest settlement date is called the nearby futures contract. The next (or the 'next out') futures contract is the one t . . . View Full Definition

Near Ultraviolet: Are wavelengths from about 400nm down to 250nm. Most photographic emulsions are sensitive to this range of bands.