Foreign Exchange Market, forex dictionary, FX News, forex definition

Here you'll find the most important definitions, terms, and abbreviations you'll come across in the Forex business.
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NAD: The ISO currency code for the Namibian dollar. Learn more about Oman and the Namibian dollar at GoCurrency.com
NAFTA: Acronym for North American Free Trade Agreement, which refers to a 1994 agreement...
NAHB Housing Market Index - United States: A timely gauge of home sales and expectations for future home building. Based...
NAIC: Acronym for National Association of Investors Corporation, which refers to a...
naked call: A short call option position in which the writer does not own the corresponding...
naked option: See uncovered option.
naked position: The holding of unhedged securities against market risk.
naked put: A short put option position, where the writer does not have the corresponding...
named fiduciary: The individual officially designated as being responsible for a financial account or activity.
named peril coverage: An Insurance policy that covers only losses resulting from causes explicitly...
Namibia Dollar: The official currency of Namibia. Learn more about Oman and the Namibian dollar at GoCurrency.com
NAPM index: Acronym for National Association of Purchasing Managers index.
NAREIT: Acronym for National Association of Real Estate Investment Trusts. A national trade organization for REITs.
narrow market: A market with a small number of bid and ask offers, and characterized by low...
narrow money: An exclusive measure of the money supply that includes all coins, currency held...
NASD: Acronym for National Association of Securities Dealers, which refers to a self-regulatory...
NASD Regulation: Acronym for NASDR, which refers to an independent subsidiary of the NASD that...
Nasdaq: A computerized system established by the NASD to facilitate trading by providing...
Nasdaq Composite Index: A market-value weighted index of all common stocks listed on Nasdaq, created...
Nasdaq Small Cap Market: The market for securities of smaller, less-capitalized companies (small caps)...
NASDR: Acronym for NASD Regulation, which refers to an independent subsidiary of the...
National Association of Investors Corporation: Abbreviated as NAIC, refers to a non-profit organization designed to help investors create or join investment clubs.
National Association of Purchasing Managers index: Abbreviated as NAPM Inde, refers to the measure of the health of the manufacturing...
National Association of Real Estate Investment Trusts: Abbreviated as NAREIT, refers to the national trade organization for REITs.
National Association of Securities Dealers: Abbreviated as NASD, refers to a self-regulatory securities industry organization...
National Association of Securities Dealers Automated Quotations system: Abbreviated as Nasdaq, refers to a computerized system established by the NASD...
National Australia Bank Business Survey - Australia: A survey of the current state of the business sector in Australia . Based on...
National Balance Sheet - UK: The combined statement of the balance sheets of all of the various sectors of...
National Bank: A federally chartered bank, which is a member of the Federal Reserve System and the Federal Deposit Insurance Corporation.
National Consumer Price Index (CPI) - Japan: The key gauge for inflation in Japan . Simply put, inflation reflects a decline...
National Credit Union Administration: An independent federal agency, responsible for supervising the credit union system and insuring member accounts.
National Debt: The amount owed by the government. The national debt reflects the accumulated...
National Deficit: The amount of additional debt generated by the government. The amount at which...
National Futures Association: Abbreviated as NFA, refers to the private-sector, self-regulatory agency of the futures industry, established in 1981.
national income: The income earned by a nation's people, including labor and capital investment. Also known as GDP.
National Market Advisory Board: The independent board that advises the SEC in creating a national exchange market system.
National Market System: The trading system for over-the-counter stocks under the sponsorship of NASD and Nasdaq.
National Securities Clearing Corporation: Abbreviated as NSCC, refers to the securities clearing organization owned jointly...
National Securities Trade Association: Abbreviated as NSTA, refers to an organization of brokers and dealers who participate in the over-the-counter markets.
nationalization: The process of the government claiming ownership of an industry or firm. Opposite of denationalization.
Nationwide Consumer Confidence - UK: Survey that queries economic participants on their current and future expectations...
Nationwide House Prices - UK: Gauge for costs of homes in the United Kingdom . Mortgage data is used to provide...
natural monopoly: An industry where the most efficient production is through a monopoly, usually...
natural resources: Any kind of resource in nature that can be used to create wealth (i.e. oil, coal, water, and land).
Nauru Island Dollar: The currency of Nauru Island. Although the country is independent, Nauru...
NAV: Acronym for Net Asset Value, refers to the dollar value of a single mutual fund...
NBNZ Business Outlook - New Zealand: A monthly measure of New Zealand business confidence. A representative sample...
NBNZ Business Outlook - New Zealand: A monthly measure of New Zealand business confidence. A representative sample...
near money: Very liquid assets, meaning that they can easily be converted into cash (i.e. bank deposits and Treasury Bills)
near option: The part of an option spread with the earlier expiration date. Opposite of far option.
near term: Refers to a time nearby, generally within the next few weeks or months.
nearby month: The futures delivery month with the soonest delivery date, or the option delivery...
negative amortization: A gradual increase in mortgage debt that occur when the monthly payment is insufficient...
negative carry: The condition, where the cost of borrowing money exceeds the return obtained...
negative equity: The disparity between the value of an asset and the outstanding portion of the...
negative pledge clause: A covenant in a bond agreement whereby the borrower agrees not to pledge any...
Negative Sloping Triagle: With descending triangles, trend lines converge with a horizontal trend line...
Negative Volume Index: Abbreviated as NVI, refers to an index that tries to determine what experienced...
negative yield curve: An uncommon situation in which long-term interest rates have lower yields than...
negligence: The failure to act.
negligible: A very small or insignificant quantity.
negotiable: The ability to be sold or transferred to another party as a form of payment.
negotiable certificate of deposit: A type of CD with a very large denomination, generally over $1 million. These...
negotiable instrument: A transferable, signed document that promises to pay the bearer a sum of money...
Negotiable Order of Withdrawal: Abbreviated as NOW, refers to an interest-bearing checking account at a bank or savings and loan.
negotiable security: A security that can be transferred or sent to another party (i.e. coupon bonds,...
negotiated commission: A broker's commission, which is negotiated based on the details of the trades that are performed.
negotiated market: A market where each transaction is negotiated between a buyer and a seller.
negotiated underwriting: A form of underwriting in which the purchase price and the public offering price are determined through negotiations.
Neil Cavuto: FOX news anchor Neil Cavuto appears on "Cavuto on Business" and Fox's flagship...
Nellie Mae: The largest non-profit provider of parent and student education loan funds in the United States.
Nepalese Rupee: The official currency of Nepal. Learn more about Nepal and the Nepalese Rupee at GoCurrency.com
nest egg: Assets set aside in expectation for a large future expense (i.e. a college education or retirement).
net: Net value measures the liquid value of an asset after being adjusted for expenses,...
Net Asset Value: Abbreviated as NAV, refers to the dollar value of a single mutual fund share,...
net assets: Calculated by taking total assets minus total liabilities of an individual or...
net book value: The net value of an asset, equal to its original cost (its book value) minus...
net capital: The net worth of a firm, minus deductions taken for any assets that might not...
net capital ratio: The SEC requirement that all broker/dealers maintain a ratio of no more than...
net capital requirement: The SEC's requirement that member firms and non-member securities broker/dealers...
net cash flow: A measure of a firm's financial health, which is calculated by the following:...
net change: The difference between the close of a security or commodity on one trading day...
Net Change in Employment - Canada: The net change in the number of people employed in Canada . Increases in employment...
net current assets: An indication of how much capital is being generated or used up by day-to-day...
Net Domestic Product: A measure of a country's national accounts to estimate how much the country...
net earnings: A measure of a firm's performance, and calculated by the following: gross sales...
net estate: The part of an estate which remains after deducting all administration fees.
Net Foreign Security Purchases (TIC) - United States:   • Measures Capital Flow into U.S. Denominated Assets  •...
net income: In the context of business, net income refers to what remains after subtracting...
net income multiplier: A measure for judging how effective an asset is at generating income, compared...
net interest margin: The difference between interest income and interest expenses, generally expressed as a percentage of average earning assets.
net investment: Calculated by the following: the level of investment minus equipment depreciation.
net lease: A property lease in which the lessee agrees to pay all expenses which are normally...
net liquid assets: Calculated by the following: a firm's liquid financial assets minus its current liabilities.
net margin: An indication of how effective a firm is at cost control. Calculated by the...
Net Operating Income: Abbreviated as NOI, which refers to income after deducting for operating expenses...
net operating margin: A measure of how profitably the firm is operating, and calculated by the following:...
net position: The difference between total open long and open short positions in a given security held by an individual.
Net Present Value: Abbreviated as NPV, which refers to the present value of an investment's future...
net proceeds: The amount of money received from a sale, after subtracting transaction costs....
net profit: A measure often referred to as the bottom line, net profit is calculated by...
net profit margin: The net profit margin is an indicator comparing companies in the same industry,...
net quick assets: Net quick assets is calculated by the following: cash, accounts receivable, and marketable securities, minus current liabilities.
net sales: Net sales is calculated by the following: gross sales minus returns, discounts, and allowances.
net surplus: Net surplus is calculated by the following: profits remaining after subtracting...
net tangible assets: Net tangible assets is calculated by the following: assets minus goodwill.
net transaction: A transaction for which no fees or commissions are warranted.
net volume: Net volume is calculated by the following: Uptick volume minus downtick volume...
net worth: In the context of a firm, net worth is calculated by the following total assets...
net yield: The rate of return on an investment after taking into account all expenses (i.e. commissions, costs of purchase, and taxes).
Netherlands Antillean Guilder: The official currency of Netherland Antilles Learn more about Nepal and the Antilles Guilder at GoCurrency.com
neutral: Having the quality of being neither bullish nor bearish.
neutral hedge: A hedge that combines positions in various investments to create a risk-free...
neutral hedge ratio: The change in price of a call option for every one-point move in the price of...
neutral spread: Any profit-maximizing spread designed to create a change of zero, meaning that...
New Car Registrations - Euro-zone: Tracks the number of cars registered for the first time in the Euro Zone. Consumption...
new high: An upper level where price action has been able to establish. For example, if...
New Home Sales - United States: Records sales of newly constructed residences in the United States . The figure...
New Housing Price Index - Canada: A component of the Consumer Price Index (CPI) that measures changes in prices...
new issue: The premier of a security; the security must comply with SEC regulations.
new low: A lower level where price action has been able to establish. For example, if...
New Motor Vehicle Sales - Australia: Tracks automobile sales in Australia . Though motor vehicle sales are a small...
New Motor Vehicle Sales - Canada: The number of new cars, vans, trucks, and buses sold in Canada. It is used as...
New Romanian Leu: The currency of Romania.See GoCurrency World Currencies Page & Currency Converter
New Turkish Lira: The currency of Turkey.
New York Futures Exchange: Abbreviated as NYFE, refers to an exchange on which trading occurs for Treasury Bond futures and some currency futures.
New York Stock Exchange: Abbreviated as NYSE, refers to the oldest and largest stock exchange in the...
New Zealand Dollar: The ISO currency code for the New Zealand dollar. Learn more about...
news ticker: A ticker machine providing scrolling, up-to-the-minute news stories.
news wire: A ticker machine providing scrolling, up-to-the-minute news stories. Also known as news ticker.
newsletter: A publication providing financial advice, such as market commentary or investment...
Next Day Settlement: A transaction in which settlement occurs the day after the trade is made. For...
next month: In the context of futures trading, the month immediately after the nearby month.
NFA: Acronym for National Futures Association. The private-sector, self-regulatory...
NGN: The ISO currency code for the Nigerian Naira. Learn more about Nicaragua and the Nigerian Naira at GoCurrency.com
Nicaraguan Cordoba: The official currency of Nicaragua. Learn more about Nicaragua and the Nicaraguan Cordoba at GoCurrency.com
niche: A focused sector of a market, capable of being targeted.
NIESR GDP Estimate - UK: An unofficial estimate of UK GDP that comes out one month before the official...
Nieue Dollar: The currency of Nieue.See GoCurrency World Currencies Page & Currency Converter
Nifty Fifty: The term denoted for fifty blue chip stocks, which were so popular prior to...
Niger Republic Franc: The currency of Niger.See GoCurrency World Currencies Page & Currency Converter
Nigerian Naira: The official currency of Nigeria. Learn more about Nicaragua and the Nigerian Naira at GoCurrency.com
Nikkei Index: The index of 225 leading stocks traded on the Tokyo Stock Exchange.
Nine-Bond Rule: The NYSE stipulation requiring that orders for nine or fewer bonds be sent to the floor for one hour to seek a market.
NIO: The ISO currency code for the Nicaraguan Cordoba. Learn more about Nicaragua and the Nicaraguan Cordoba at GoCurrency.com
NLG: The ISO currency code for the Dutch Guilder.
NM: Acronym for not meaningful.
no book: A situation that arises when there is little or no interest in buying or selling a particular security.
no limit order: A mandate to buy or sell a predetermined quantity of a given security, without...
no quote: The stipulation that no market makers are making an inside market at the moment.
No-Action Letter: An SEC letter indicating that no civil or criminal action will be taken against an individual engaging in a particular activity.
No-Fault: A type of automobile insurance system used in some states to discourage lawsuits,...
no-lien affidavit: A written document by a property owner affirming that the property does not have any liens or mortgages on it.
no-load: Having no sales charge. Opposite of load.
no-load fund: A mutual fund without a sales or redemption charge, selling and redeeming its...
no-load stock: A stock available through a direct purchase program.
NIO: Acronym for Net Operating Income. Income after deducting for operating expenses...
noise: The price and volume fluctuations that do not provide meaningful information about the market's direction.
NOK: The ISO currency code for the Norwegian krone. Learn more about Norway and the Norwegian krone at GoCurrency.com
nominal: A quantity that is not adjusted for inflation.
nominal asset: An asset that does not have any intrinsic value (i.e. currency).
nominal capital: The par value of shares of stock a corporation has issued.
nominal GDP: Nominal GDP reflects Gross Domestic Product in today's prices. As opposed to...
nominal quotation: The bid and ask prices given by a market maker to indicate valuation, but not...
nominal rate: The declared interest rate on a bond, without taking into account inflation.
nominal value: The value of a share, in absolute terms, at the time that it is issued.
nominal yield: The ratio, expressed as a percentage, of the amount of income earned from a fixed-income security to the security's par value.
nominee: The name of the individual, bank or brokerage that receives transferred securities.
Non Active Money: Money and coins that are not circulated in the hands of consumers and businesses....
Non EU Trade Balance - UK: A gauge of Britain's trade with countries outside of Europe. The headline figure,...
Non Resident Bond Holdings - New Zealand: The monetary value of bonds held by non residents of New Zealand . Non Resident...
non-callable: Having the characteristic of being unable to be redeemed prior to maturity....
non-callable bond: A bond that cannot be redeemed before it matures. Also known as bulletbond.
non-cash expense: An income statement expense for which no cash was spent (i.e. amortization or depreciation).
non-compete agreement: A contract that prohibits participation in a certain market by a firm or individual under predetermined conditions.
non-conforming loan: A loan that does not meet, or conform, to the standards of the lender. Opposite of conforming loan.
non-contributory plan: A type of pension plan that is fully funded by the employer, in contrast to the employee.
non-cumulative preferred: A preferred stock for which unpaid dividends do not accumulate. Opposite of cumulative preferred.
non-deliverable forward: A cash-settled contract on a non-convertible or lightly traded foreign currency....
non-disclosure agreement: A contract that restricts the release of confidential information or proprietary knowledge under predetermined circumstances.
non-equity option: A type of option that provides the shareholder with the option to buy or sell...
Non-Farm Productivity and Unit Labor Costs - United States: Report on the efficiency of industrial workers. Key figures released in this...
non-financial asset: Any kind of physical asset with an intrinsic value (i.e. real estate or personal property). Opposite of financial asset.
non-insured plan: A structured type of pension plan that is not guaranteed by the provider.
non-interest-bearing note: A type of bond that does not pay coupons, and is sold at a discount to its face...
non-investment property: Any form of property that does not generate income. Opposite of investment property.
non-profit organization: An incorporated organization, created for educational or charitable reasons,...
non-qualified retirement plan: A retirement plan that does not meet the IRS (or ERISA) requirements for favorable...
non-qualified stock option: Abbreviated as NSO, refers to a type of employee stock option which is less...
non-resident alien tax: A tax withheld on income distributed to foreign individuals or corporations from sources within the U.S., (i.e. mutual funds).
non-revolving credit card: A credit card that requires the borrower to pay off the full balance at the end of each month.
non-statutory stock option: A type of employee stock option that is beneficial for the employer from a tax...
nonaccredited investor: An investor who does not meet the SEC’s regulation of an accredited investor.
noncompetitive bid: A strategy of purchasing treasury bills in which an investor agrees to buy a...
noncurrent asset: An asset that cannot be easily convertible to cash or not expected to become...
noncurrent liabilities: A debt that is not due to be paid within the next year. Opposite of current liabilities.
nondeductible contribution: The funds contributed to a qualified retirement plan, and not deductible for tax purposes. These contributions are voluntary.
nondiscretionary trust: A trust in which the trustee does not have the right to determine how and when...
nondiversifiable risk: A type of risk that is not dependent on the class of assets or liabilities,...
nonelective contribution: Any type of contribution to a cash or deferred arrangement, outside of an elective deferral.
nonforfeitable benefit: Any form of benefits that are vested, meaning that they belong fully to the employee and may not be rescinded.
nonjudicial foreclosure: The power to foreclose on a property without court approval.
nonledger asset: An asset not carried on the general ledger. Examples include uncollected and...
nonlegal: An investment that is not on a given state's legal list and unacceptable as an investment for savings banks.
nonmember firm: A type of firm in which none of the general partners or executives of a corporation...
nonparticipating life insurance policy: A type of life insurance policy which does not pay dividends.
nonperforming asset: A loan or lease that fails to meet its originally stated principal and interest payments.
nonperiodic distribution: Any non-recurring distribution of funds to an employee from a retirement plan.
nonproductive loan: A commercial bank loan that does not directly increase the economy's output,...
nonpublic information: Any kind of information about a firm that is not known by the public, and upon...
nonrecourse debt: A debt for which the borrower is not personally liable.
nonrecurring charge: A charge occurring one time.
nonrefundable: The condition in a bond indenture that restricts the ability of the issuer to retire the bond via the refunding of the bond.
nonrenewable: Lacking the characteristic of being reusable.
Nonstock Corporation: A type of non-profit corporation that does not have capital stock (i.e. an educational...
nonvoting stock: A type of stock that does not allow for the owner to vote on corporate matters, such as the election of the board of directors.
NOPAT: Acronym for Net Operating Profit After Tax, which refers to an estimate of what...
normal distribution: A statistical term referring to a bell-shaped probability distribution, which is centered on some mean (M).
normal market: In the context of non-interest rate futures, normal market refers to a situation...
normal retirement age: The predetermined age in a retirement plan from which point, employees may begin...
normal yield curve: The case in which long-term debt instruments have higher yields than short-term...
normalized earnings: The earnings of an entity after being adjusted for economic cycles.
North Africa Peseta: A currency used in North Africa. See GoCurrency Currencies Pages
North American Free Trade Agreement: Acronym for NAFTA, which refers to a 1994 agreement reached by the United States,...
North Korean Won: The official currency of North Korea. Learn more about North Korea and the North Korean Won at GoCurrency.com
Norwegian Krone: The official currency of Norway. Learn more about Norway and the Norwegian krone at GoCurrency.com
nostro account: A banking term to describe an account that an individual holds with a bank in...
not rated: In the context of a security or firm, refers to the quality of having not been...
not-for-profit organization: An integrated organization that exists for educational or charitable reasons,...
notarize: The process of having a notary public witnessing a person signing a document.
Notary Public: An individual who is authorized by the State to notarize certain documents.
note: A short-term debt security, generally with a maturity of five years or less.
note loan: An unsecured loan.
notice: An official declaration of a legal action or intent to take a legal action.
Notice of Default: A formal advisory given to a borrower, declaring that a default has occurred and that legal action may be taken.
Notice of Sale: The notice that a lender is obligated to provide before foreclosure sale of collateral.
notice period: The period of time before the expiration of a futures contract during which the buyer may be called upon to accept delivery.
notional: See notional principal amount.
notional principal amount: In the context of an interest rate swap, the specified amounts on which the exchanged interest payments are based.
notional value: The value of a derivative's underlying assets at the spot price. In the context...
notorious possession: The occupation of real estate owned by another, without permission.
novation: The substitution of a new contract for an old one; or the substitution of one party in a contract with another party.
NOW: Acronym for Negotiable Order of Withdrawal. An interest-bearing checking account at a bank or savings and loan.
NPR: The ISO currency code for the Nepalese Rupee. Learn more about Nepal and the Nepalese Rupee at GoCurrency.com
NPV: Acronym for Net Present Value. The present value of an investment's future net...
NSCC: Acronym for National Securities Clearing Corporation. Securities clearing organization...
NSO: Acronym for Non-Qualified Stock Option. A type of employee stock option which...
NSTA: Acronym for National Securities Trade Association. An organization of brokers...
null and void: No longer valid or enforceable.
numismatics: The practice of coin collecting.
NVI: Acronym for Negative Volume Index. An index that tries to forecast what experienced...
NYFE: Acronym for New York Futures Exchange. An exchange on which trading occurs for Treasury Bond futures and some currency futures.
NYSE: Acronym for New York Stock Exchange. The oldest and largest stock exchange in...
NYSE Composite Index: A market-value weighted index of all stocks on the NYSE.
NZD: The ISO currency code for the New Zealand dollar. Learn more about...

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