N
Banking Terms - NNational Aeronautics and Space Administration (NASA) - (federal agency responsible for the U.S. space program)
National Archives and Records Administration (NARA) - (federal agency responsible for storing historical records of US government activities)
National Association (NA) - (when used in a bank's name, indicates a national bank chartered by the Office of the Comptroller of the Currency)
National Association of Federal Credit Unions (NAFCU) - (organization representing federal credit unions chartered by the National Credit Union Administration)
National Association of Securities Dealers (NASD) - (self-regulatory organization providing oversight of broker-dealer firms involved in the over-the-counter securities market)
National Association of Securities Dealers Automated Quotation system (NASDAQ) - (computerized system of the National Association of Securities Dealers (NASD) operated by Nasdaq Stock Market, Inc., providing price quotations for over-the-counter and exchange listed securities)
National Association of State Credit Union Supervisors (NASCUS) - (a professional regulators association composed of state credit union regulators, which is the primary resource and lobbyist for the 47 state governmental agencies that charter, regulate, and examine the nation's state-chartered credit unions)
National Automated Clearing House Association (NACHU) - (trade group promoting uniform rules and standards for Automated Clearing House associations)
National Bank Act of 1864 (NBA) - (legislation which, along with the Currency Act of 1863, established a national banking system by providing for the chartering of national banks, to be supervised by the Office of the Comptroller of the Currency (OCC), created by the 1863 Currency Act)
National Bank Surveillance System (NBSS) - (computerized monitoring system created by the Office of the Comptroller of the Currency to monitor changes in condition of national banks to provide a performance comparison for banks of similar size)
National Credit Union Act (NCUA) - (federal legislation, passed in 1970, establishing the National Credit Union Administration (NCUA) and granting it authority to charter and supervise federal credit unions)
National Credit Union Administration (NCUA) - (independent federal agency established by Congress to oversee the federal credit union system)
National Credit Union Share Insurance Fund (NCUSIF) - (fund operated by the National Credit Union Administration (NCUA) insuring federal credit unions and deposits in qualifying state-chartered credit unions)
National Institute of Standards and Technology (NIST) - (federal agency within the U.S. Department of Commerce which provides standards for measurement and technology)
National Security Letters (NSL) - (written investigative demands issued by the FBI or other governmental authorities involved in counterintelligence and counterterrorism investigations for electronic communications or financial institution records)
Nationwide Mortgage Licensing System and Registry (NMLSR) - (database for residential mortgage originators (individuals writing loans) employed by banks, savings associations, credit unions, and bank lenders affiliated with the Farm Credit System)
Nationwide Multi-State Licensing System and Registry (NMLS) - (database for residential mortgage originators (individuals writing loans) employed by banks, savings associations, credit unions, and bank lenders affiliated with the Farm Credit System)
Negotiable Order of Withdrawal account (NOW) - (interest-bearing transaction account that combines the payable on demand feature of checks with the investment feature of a savings account - functionally an interest paying checking account)
Net Asset Value (NAV) - (in mutual funds, the per share value of assets in a fund)
Net Asset Value (NAV) - (measure of value of a corporation - book value of a company's different classes of securities, usually stated as net value per share)
Net Interest Cost (NIC) - (total interest cost of an offering to a bond issuer, including both coupon interest and premmium or discount, and usually expressed as the total interest to maturity)
Net Interest Margin (NIM) - (percentage difference between the interest income produced by a bank's earning assets (loans and investments) and its major expense - interest paid to its depositors)
Net Operating Income (NOI) - (earnings reported by a bank or bank holding company, after deducting normal operating expenses)
New York Stock Exchange (NYSE) - (largest and oldest stock exchange in the U.S. and the largest equities market in the world)
nominee incorporation services (NIS) - (intermediaries (firms or individuals) which establish U.S. shell companies and bank accounts on behalf of foreign clients)
nonbank financial institutions (NBFI) - (institutions other than banks that offer financial services)
Noncooperative Countries and Territories (NCCT) -
nondeposit investment products (NDIP) - (investment products, other than cash, such as securities, bonds, and annuities)
Nongovernmental Organizations (NGOs) - (private nonprofit organizations that pursue activities intended to serve the public good)
nonresident alien (NRA) - (non-U.S. citizen who does not reside in the U.S. - such individuals may nevertheless have accounts with U.S. banks)
Nonsufficient Funds (NSF) - (accounts with balances insufficent to pay checks written against the account)
North American Free Trade Agreement (NAFTA) - (agreement between the U.S., Canada, and Mexico, reducing tariff barriers and promoting the free movement of goods, with the goal of expanding market opportunities and trade)
North American Industrial Classification System (NAICS) - (standard numbering system identifying companies by industry - replacing the Standard Industrial Classification (SIC) system)
North American Securities Administrators Association (NASAA) - (voluntary association of state, provincial, and territorial securities administrators)
Not Good (NG) -
Not Sufficient Funds (NSF) - (check that may not be paid or honored because the balance in the payor's account is less than the written amount on the check)
Notary Public (NP) - (public officer authorized to administer oaths and witness documents, such as affidavits, property conveyances, and protest notices)
Note Issuance Facility (NIF) - (revolving credit arrangement in the Euromarket, whereby the borrower issues short-term promisory notes (Euronotes) in its own name, which a group of underwriting banks guarantee)