Jones Act: A law dating back to 1886, that forbids foreign-flagged ships from carrying passengers between us ports with no foreign port stops in-between.

 

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Jones Act: A law dating back to 1886, that forbids foreign-flagged ships from carrying passengers between us ports with no foreign port stops in-between.

Merchant Marine Act Of 1920: P.L. 66-261, also known as the Jones Act, provides for the promotion and maintenance of a U.S. merchant marine. Provisions dealing with cabotage (i.e., coastal shipping) require that all goo . . . 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.

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

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

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.

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

Next Futures Contract: The contract settling immediately after the nearby futures contract.

Neutron-Activation Analysis: A method of identifying isotopes of an element by bombarding them with neutrons and observing the characteristic radioactive decay products emitted.

Neutron Activation Analysis: An extremely sensitive technique for analyzing trace amounts of elements in a sample. The sample is bombarded with neutrons in a nuclear reactor, making it radioactive. Different elements pr . . . View Full Definition