Related Words

Contract Rent: The rental income as stipulated by the parties in a lease.

Economic Rent: Currently referred to as market rent, it is the rental income that real estate can command in an open, competitive market at any given time, as contrasted with contract rent, or the income a . . . View Full Definition

Noncurrent Liability: A liability due in one year.

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.

North Atlantic Current: A North Atlantic Ocean current setting northeastward from southeast of the Grand Banks at about latitude 40° north, longitude 50° west, to the British Isles. A segment of the Gulf Stream Sys . . . View Full Definition

North Equatorial Current: A current setting west-ward in the North Atlantic and North Pacific Oceans and in the Indian Ocean from about October to July. It occurs immediately north of the Equatorial Counter Current.

Norwegian Current: A North Atlantic Ocean cur-rent setting northeastward off the coast of Norway.

North Pacific Current: A North Pacific Ocean cur-rent setting eastward from about 160° east to somewhat beyond about 150° west. It continues the flow of the Kuroshio Extension, sending branches to the south.

Non-Current Liabilities: Obligations that will not come due within one year of the current date. See also current liabilities.

North Cape Current: An Arctic Ocean current setting eastward off the north coast of Scandinavia in the Barents Sea.