Category: N

Definition A nonperforming asset refers to loans or advances that are in jeopardy of default. This occurs when the borrower has not met their stated

Definition A Nonperforming Loan (NPL) is a loan that the borrower has not made scheduled payments on for a specified period, typically at least 90

Definition A non-tariff barrier is a form of trade restriction that does not involve a direct tax or charge on imported or exported goods. Instead,

Definition The Nordic Model refers to the economic and social policies adopted by Nordic countries – Sweden, Denmark, Norway, Finland, and Iceland – featuring a

Definition A nonrenewable resource is a type of natural resource that cannot be replenished or regenerated on a human timescale. These resources are consumed much

Definition A Nonresident Alien is a foreign individual who does not pass or meet the criteria for a substantial presence test, a set of guidelines

Definition A normal good is an economics term designating any good for which demand increases as consumer income rises and decreases as income falls, assuming

Definition A nonprofit organization (NPO), also known as a not-for-profit organization, is a type of entity that does not redistribute its surplus funds to owners

Definition A Normal-Course Issuer Bid (NCIB) is a strategy used by publicly traded companies to purchase their own shares from the open market. The aim

Definition Normal distribution, also known as Gaussian distribution, is a type of probability distribution that is symmetric about the mean, showing data near the mean