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Category: N

Nonce

Definition The term “Nonce” is actually a tech term rather than a financial one and it refers to a value or abbreviation for “Number Only

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Nonconforming Mortgage

Definition A nonconforming mortgage, also referred to as a jumbo loan, is a type of mortgage that exceeds the loan limits set by federal regulators

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Nonaccrual Loan

Definition A Nonaccrual Loan is a loan where the borrower has not made scheduled payments of interest or principal for a specific period, typically 90

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Noncumulative

Definition Noncumulative is a type of preferred stock that doesn’t accumulate unpaid dividends. If a company with noncumulative preferred stock misses a dividend payment, the

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Noncallable

Definition Noncallable refers to a financial security or debt instrument, such as a bond, that cannot be redeemed or paid off by the issuer before

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Noncurrent Assets

Definition Noncurrent assets, also known as long-term assets, are assets that a company expects to retain for more than one fiscal year. These assets include

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Noncurrent Liability

Definition A Noncurrent Liability, also known as a long-term liability, refers to a company’s financial obligations that are not expected to be settled within one

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