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Category: N

Night Depository

Definition A night depository is a facility that banks offer to businesses, allowing them to deposit cash, checks or other necessary documents outside of normal

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Nixon Shock

Definition Nixon Shock is a term that refers to the economic actions taken by U.S. President Richard Nixon in 1971, which included ending the convertibility

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NEXUS

Definition In the financial context, the term “nexus” refers to a connection or link between things, specifically the relationship between a corporation’s activities and its

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Next of Kin

Definition Next of kin is a term used to describe a person’s closest living blood relative or relatives. These can include individuals such as spouses,

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No-Load Fund

Definition A No-Load Fund is a type of investment fund that does not charge a sales commission or load upon the purchase or sale of

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Nifty 50

Definition The Nifty 50 refers to a list of the top 50 actively traded and most capitalized stocks on the National Stock Exchange of India

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Nigerian Scam

Definition The Nigerian Scam, also known as the 419 scam, is a fraudulent activity where the scammer pretends to be a Nigerian official or businessman

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NINJA Loan

Definition A NINJA loan is a type of high-risk financial product that does not require any proof of income, assets, or employment from the borrower.

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Nikkei

Definition Nikkei is a stock market index for the Tokyo Stock Exchange in Japan. It is also referred to as Nikkei 225, and it represents

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