NORTH ATLANTIC TREATY ORGANIZATION (NATO)

The North Atlantic treaty of 1949 led to the formation of this military alliance between the 26 member countries with the intention of combating the spread of communism. It now makes a provision for defense against sources of threat from external and internal organizations.

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NORTHAMPTON TABLES

Longevity and annuity tables compiled from bills of mortality kept in All Saints parish, England, in 1735-17S0. Noscitur a sociis. It is known from its associates. 1 Vent. 225. The meaning of a word is or may be known from the accompanying words. 3 Term R. 87; Broom, Max. 588. Noscitur ex socio, qui non cognos- citur ex se. Moore, 817. He who cannot be known from himself may be known from his associate.

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NOSCITUR A SOCIIS

A latin term for ‘it is known by the company it keeps’, it is the concept that the intended meaning of an ambiguous word depends on the context in which it is used.

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NOSOCOMI

In the civil law. Persons who have the management and care of hos- pitals for paupers.

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NOSTRO

A term meaning our account. It is used by foreign banks to handle its local currency.

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NORMAL RETIREMENT BENEFIT

The greater of the normal retirement benefit or early retirement benefit that the employee is eligible to receive. Past medical or disability benefits are not considered when the normal retirement benefits are bestowed.

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NORMAL SPOILAGE

The unavoidable spoilage that occurs to a product even if its operating at the best possible condition.

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NORMAL YIELD CURVE

Normal or positive yield curve refers the expected condition in financial markets where longterm debt instruments have a higher yield in comparison to short term ones.

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NORMALIZATION

1. Statistics: With the help of comparisons and peer review, it is the standardization of data that is obtained from various sources spanning different periods. 2. Database Programming: The process that involves the reduction of a complex data structure into the simplest possible form through the elimination of non applicable relationships and attributes. 3. Metallurgy: The treatment procedure that increases the refinement of the grain size, improves mechanical attributes and relieve internal stress, is carried out by heating a metal to a specific temperature and then cooling it down in a very specific manner.

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