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California Residential Mortgage Lending Act: An act administered by the Commissioner of Corporations which provides licensing authorizing mortgage lending and brokering.

Node Factor (F): A factor depending upon the longitude of the Moon's node which, when applied to the mean coefficient of a tidal constituent, will adapt the same to a particular year for which predictions ar . . . View Full Definition

No-Action Letter: A letter from the Securities and Exchange Commission agreeing that the commission will take no civil or criminal action against a party, regarding a specific activity.

Noncash Transactions: Investing and financing activities that do not affect cash: if significant, they are disclosed below the statement of cash flows or in the notes to the financial statements.

Normal Investment Practice: The investment history of a customer, which is used as a benchmark to test the bona fide public offerings requirement of the allocation of a hot issue.

North American Free Trade Agreement Implementation Act: P.L. 103-182 (December 8, 1993) approved and implemented the North American Free Trade Agreement (NAFTA). NAFTA pertains to cross-border trade between the United States, Mexico, and Canada. . . . View Full Definition

No Net Cost Tobacco Act Of 1982: P.L. 97-218 (July 20, 1982) required that the tobacco price support program operate at no net cost to taxpayers, other than for the administrative expenses common to all price support progra . . . View Full Definition

North American Wetlands Conservation Act: P.L. 101-233 (December 13, 1989), and amended in 1990 and 1994, authorizes a wetlands habitat program: administered by the Fish and Wildlife Service. The law authorized annual appropriations . . . View Full Definition

No Capacity To Contract: The inability of a person to enter into a valid contract under any circumstances. Such inability can arise when a person has been adjudicated insane or is an officer of a corporation who is . . . View Full Definition

Newborns And Mothers Health Protection Act (NMHPA): A federal law which mandates that coverage for hospital stays for childbirth cannot generally be less than 48 hours for normal deliveries or 96 hours for cesarean births.