NONCANCELLABLE POLICY

a health insurance policy that the insurance company cannot cancel as long as the premiums are paid.

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NONCASH EXPENSE

Non cash expenses such as depreciation where cash is not physically involved

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NONCASH ITEM

1. Accounting: A Financial items that does not affect the firm’s cash inflows and outflows while being included in the computation of its income on the basis of accruement 2. Banking: Checks and other such negotiable instruments that are only credited to a holder’s account upon clearance by the bank.

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NONCASH TRANSACTION

A financial activity that involves the owner’s equity and liabilities but has no effect on the inflows and outflows of cash. A significant amount involved in a noncash transaction is included in the footnotes of a cash flow statement.

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NONCLAIM

The loss of a right due to a failure to claim or pursue it within a specified legal period.

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NONCOMPETITIVE TENDER

An investor’s bid to gaining possession of a debt issue whose price depends on the yield or average discount rate of all bids combined. A minimum price of $10,000 is the standard for debt issues, such as the US Treasury bond, offered by the Federal Reserve Bank.

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NONCONCLUSIVE JUDGMENT

the term that is given to the court’s decision that can be subject to an appeal.

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NONCONCURRENCY

The discrepancy that causes the underinsurance of property in the event of a loss. This occurs when the same property is covered for the same danger by different policies, but differ in the amount claimable.

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NONASSESSABLE POLICY

A policy with a set premium amount such that extra premiums cannot be added

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