Category: N

Injuries that are sustained at work are not insured under this policy due to their coverage under the workers compensation.

An asset or investment such as interest income from a fixed deposit, that generates additional income for a business, but is not a part of the operation of the business.

Activities such as the insurance and maintenance of assets that are not directly involved in the operation of the business, but result in an additional expense for the firm.

The profit realized from activities such as the sale of an asset, which is not related directly to the firm’s primary business operations.

Income that is not derived from the operations of the business, but still received. It is examined independently from operating income as it does occur frequently. A one time occurrence such as the sale of a company’s department is a good example of non-operating income.

Activities such as strikes, result in the incurrence of a no-operating loss for the firm, although they are not related to the firm’s business operations.

A guaranteed contract with fixed returns and time period. Any returns made after the time agreed to are not given to the investor.

Non affiliation or non specific ownership with respect to any cause, party or group.

Neglect, failure, or refusal to do or perform an act stipulated to be done. Failure to keep the terms of a contract or covenant, in respect to acts or doings agreed upon. Non pertinet ad judicem secularem cognoscere de lis quae sunt mere spi- ritualia annexa. 2 Inst. 4SS. It belongs not to the secular judge to take cognizance of things which are merely spiritual.

A term applied to all letters and parcels which are by law exclud ed from transportation in the United States mails, whether on account of the size of the package, the nature of its contents, its obscene character, or for other reasons. See U. S. v. Nathan (D. C.) 61 Fed. 936.