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Category: N

Nonfinancial Asset

Definition A nonfinancial asset refers to an asset with a value derived from its physical traits, rather than from a contractual claim. This includes both

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Nonforfeiture Clause

Definition A nonforfeiture clause is a feature in an insurance policy that allows policyholders to receive a degree of benefits if they allow the policy

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Noninterest Expense

Definition Noninterest Expense is a financial term that refers to the operational costs incurred by a financial institution, which are not tied to interest on

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Nonpassive Income and Losses

Definition Nonpassive income and losses refer to earnings and deductions derived from active participation in a trade or business. This typically includes wages, salaries, commissions,

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Nonmonetary Assets

Definition Nonmonetary assets are items a company holds for which it may not be easy to precisely establish a future cash value. These can include

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Nonparametric Method

Definition The Nonparametric Method refers to a category of statistical methods used in finance that do not assume a specific distribution pattern. These methods are

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Nonlinearity

Definition Nonlinearity, in financial terms, refers to a situation where changes in input are not proportional to changes in output. In other words, a small

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Nonlinear Regression

Definition Nonlinear regression is a statistical modeling technique used to describe the relationship between a dependent variable and one or more independent variables that doesn’t

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Nonparametric Statistics

Definition Nonparametric statistics is a field of statistics that makes no assumptions about the probability distributions of the variables being assessed. Also known as distribution-free

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Nonfeasance

Definition Nonfeasance is a term used in finance and law to describe a situation where an individual or entity neglects to perform a duty or

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