Category: N

The cause of the degradation with respect to the quality of performance and operational capacity, the impact of which is tolerable for a small period of time without major losses.

A stock that pays investors but denies them claim to suspened stock.

1. Asset that is not eligible for conversion into cash within a year of the date of the balance sheet. 2. Capital goods such as machinery which are not expected to be replaced or sold within the firm’s normal operational cycle.

A long term liability or financial obligation that has to be settled in a period that is longer than 12 months.

A person connected with an army or navy, but for purposes other than fighting; such as the surgeons and chaplains. Also a neutral.

An account that can be collected more than a year from the date of the balance sheet.

Advertisements such as public service announcements that are aimed at educating the consumers or instilling an idea in them. They are often used in the electoral process to gain votes.

1. General: An obligation that cannot be outsourced toa third party according to the terms of the contract. In the event that it is delegated, the second party reserves the right to reject the performance of the obligation. 2. Contracts: The fulfilment of an obligation which is solely the responsibility of the obligor, and which does restrict delegation of the contract to a third party. For example, The safety of the employees is the responsibility of the employer even though a third party was hired to monitor compliance with safety standards.

A non-commissioned officer of the army or militia is a subordinate officer who holds his rank, not by commission from the executive authority of the state or nation, but by appointment by a superior officer.

When an asset can be bought or sold at a predetermined price and time in terms of cash.