| Glossary of Export Import Trade Terms Starting with - N |
| Words |
Description |
| NFE |
Refers to Net Foreign Exchange. Net Foreign Exchange earning is calculated as a percentage of exports (NFEP). |
| National Tax Policy |
The way in which a nation chooses to allocate the burdens of tax collections across its residents. |
| National Treatment |
A country accords no less favorable treatment to imported goods than it does to domestic goods. |
| Nationalization |
A process whereby privately owned companies are brought under state ownership and control. (Contrast with privatization.) |
| Negative-NPV Tie-in Project |
A negative (-) NPV infrastructure development project that a local government requires of a company pursuing a positive (+) NPV investment project elsewhere in the economy. |
| Net Asset Value |
The sum of the individual asset values in a closed-end mutual fund. Closed-end funds can sell at substantial premiums or discounts to their net asset values. |
| Net Currency Exposure |
Exposure to foreign exchange risk after netting all intracompany cash flows. |
| Net Exposed Assets |
Exposed assets less exposed liabilities. The term is used with market values or, in translation accounting, with book values. |
| Net Monetary Assets |
Monetary assets less monetary liabilities. |
| Net Position |
A currency position after aggregating and canceling all offsetting transactions in each currency, maturity, and security. |
| Net Present Value (NPV) |
The present value of future cash returns, discounted at the appropriate market interest rate, minus the present value of the cost of the investment. |
| Net Working Capital |
Current assets minus current liabilities. |
| New Protectionism |
Recent efforts to pressure national governments to exercise greater control over foreign trade and foreign direct investment. |
| Nominal Cash Flow |
A cash flow expressed in nominal terms if the actual dollars to be received (or paid out) are given. |
| Nominal Interest Rate |
Interest rate unadjusted for inflation. |
| Non-Governmental Organizations (NGOs) |
Special interest groups that operate in the global community. |
| Non-Intermediated Debt Market |
A financial market in which borrowers (governments and large corporations) appeal directly to savers for debt capital through the securities markets without using a financial institution as intermediary. |
| Non-Monetary Assets and Liabilities |
Assets and Liabilities with non-contractual payoffs. |
| Non-Privileged Foreign (NPF) |
Foreign Merchandise or non-tax-paid domestic merchandise upon which the duty and applicable taxes will be determined at the time of entry from the zone for consumption. |
| Non-Tariff Barrier |
An indirect measure used to discriminate against foreign manufacturers, for example, extensive inspection procedures for foreign imports that create barriers to entering the market. |
| Noncash Item |
Expense against revenue that does not directly affect cash flow, such as depreciation and deferred taxes. |
| Normal Distribution |
Symmetric bell-shaped frequency distribution that can be defined by its mean and standard deviation. |
| North American Free Trade Agreement (NAFTA) |
A regional trade pact among the United States, Canada, and Mexico. |
| Notional Principal |
In a swap agreement, a principal amount that is only notional and is not exchanged. |
