What Are Non-Sufficient Funds (NSF)? Non-sufficient funds (NSF), or insufficient funds, is the status of a checking account that does not have enough money to cover all transactions. NSF also describes the fee charged when a check is presented but cannot be covered by the balance in the account. Customers will see a “non-sufficient funds”
What Is a Non-Qualified Stock Option (NSO)? A non-qualified stock option (NSO) is a type of employee stock option wherein you pay ordinary income tax on the difference between the grant price and the price at which you exercise the option. Key Takeaways Non-qualified stock options require payment of income tax of the grant price
What Is a Nuclear Hazards Clause? A nuclear hazards clause is property insurance policy language that excludes from coverage any damage caused by nuclear reactions, nuclear radiation, or radioactive contamination. The nuclear hazards clause is intentionally broad to protect insurers against paying the extraordinarily large claims that could otherwise result from such events, whether they
What Is a Null Hypothesis? A null hypothesis is a type of statistical hypothesis that proposes that no statistical significance exists in a set of given observations. Hypothesis testing is used to assess the credibility of a hypothesis by using sample data. Sometimes referred to simply as the “null,” it is represented as H0. The
What Is Numismatics? Numismatics is the study of the physical embodiment of various payment media (i.e. currencies). The study of numismatics as it applies to coins is often in the research of the production and use of the coins to determine their rarity. Key Takeaways Numismatics is the study of coins and other currency units
WHAT IS Nuncupative Will A nuncupative will, also known as an oral will or a verbal will, is instructions for distribution of personal property given by a person who is too sick to execute a written will. Nuncupative wills are not legal in most jurisdictions, but in jurisdictions in which they are legal, they require
What Is the Negative Volume Index (NVI)? The negative volume index (NVI) is a technical indication line that integrates volume and price to graphically show how price movements are affected by down volume days. Key Takeaways The negative volume index integrates volume and price to graphically show how price movements are affected by down volume
What Is the NY Empire State Index? The term NY Empire State Index refers to the result of a monthly survey of manufacturers in New York state. The survey is conducted by the Federal Reserve Bank of New York. The bank sends out the survey every month to business leaders who represent a wide swath
What Is the New York Futures Exchange (NYFE)? The New York Futures Exchange (NYFE) was a subsidiary of the New York Stock Exchange (NYSE) focused on the trading of futures and options contracts, mainly pertaining to NYSE stock index futures. Founded in 1980, the NYFE has since undergone several mergers and acquisitions, including a combination
What Are Normal Goods? Normal goods are consumer products such as food and clothing that exhibit a direct relationship between demand and income. As a consumer’s income rises, the demand for normal goods also increases. Key Takeaways A normal good is a good that experiences an increase in demand due to an increase in a consumer’s income.Normal goods have
