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NASD
See FINRA.
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Nasdaq
National Association of Securities Dealers Automatic Quotation System. An electronic quotation system that provides price quotations to market participants.
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Negotiable
A security that can be transferred or sold as a form of payment.
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Net asset value (NAV)
A single mutual fund share's price.
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Net change
The difference between today's last trade and the previous day's last trade.
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Net income
A company's revenue minus costs. Also called 'the bottom line,' earnings, or net profit.
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Net worth
Common stockholder's equity, consisting of common stock, surplus, and retained earnings.
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New issue
Securities being offered to the public for the first time, subject to the rules of the Securities and Exchange Commission.
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New York Stock Exchange (NYSE)
Located on Wall Street and founded in 1792, it is the oldest and largest exchange in the U.S.
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No-load mutual fund
A mutual fund without upfront sales charges or distribution fees. However, no-load funds still incur management fees and 12b-1 fees.
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Nonrecourse debt
Debt for which the borrower is not personally liable.
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Noncumulative
A class of preferred stock that does not accrue unpaid dividends.
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Nonqualified assets
Any assets subject to taxes.
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Nonrefundable
A bond indenture condition that restricts a bond from being refunded.
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Note
A debt security with an initial maturity of more than one year, and less than 10 years.
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NYSE Composite Index
A weighted index of all NYSE common stocks.
