Category: N

An industry whose services have no correlation to financial goods or services and investments.

A non-liability becomes a liability only when it becomes payable. For example, the contraction of a previously non-liable loan principle makes it a liability, but the loan interest is granted the status of a liability when a payment is due.

Assets that have no physical attachment to a building. For example, a non attached garage or shed on a property.

A contractual payment that relies on the market.

Income that depends on various factors such as vacation or health care expenses and such differ in value throughout a fiscal period.

Methods that do not encompass the “generally accepted accounting policies”, to calculate the financial information about companies. The real value of the company is difficult to analyze due to a lack of standardization in the computation, thus making it difficult for comparison. Some of the factors that are used are free cash flow, depreciation, operating earnings, etc.

A organization that has no affiliation to the government and performs voluntary operations in the field of education, wildlife,etc. They are usually funded by the UN or by benefactors. The donations are then used to support their costs and activities in bettering the aspect that the organization focuses on. Some popular NGO’s include the Word Wildlife Fund(WWF), The Red Cross, and many others.

When risk is covered by contracts rather than insurance.

1. The refusal of one state or nation to have commercial dealings with another; similar to an embargo, (q. v.) 2. The absence of access, communication, or sexual relations between husband and wife.

Obligations such as wages that have to be fulfilled, without worrying about interest accrual.