A nonrecurring charge is an entry that appears on a company’s financial statements for a one-time expense that is unlikely to happen again. The company typically explains a nonrecurring charge, and an analyst will usually adjust the income statement when assessing financial performance for a period and valuing the shares on an “adjusted” basis. Breaking
What Is a Non-Refundable Tax Credit? A non-refundable tax credit is a tax credit that can reduce a taxpayer’s liability only to zero. Generally, the amount of a non-refundable credit that exceeds a taxpayer’s liability is automatically forfeited by the taxpayer. For taxpayers with little or no tax liability, refundable tax credits generally are more beneficial
What Is Non-REO Foreclosure? A non-real estate owned foreclosure, or non-REO foreclosure, refers to a successful foreclosure on a real estate property. The foreclosure process starts after a borrower fails to make mortgage payments for several months, a time period defined within the terms of the mortgage. In a non-REO foreclosure, when the property in foreclosure is
WHAT IS THE Non-Resident Entertainers’ Tax Non-resident entertainers’ tax is a state tax levied against performers whose legal residence is outside of the state where the performance is given. BREAKING DOWN Non-Resident Entertainers’ Tax Non-resident entertainers’ tax is a type of state tax that requires a certain percentage of any gross earnings from a performance be
What Is a Non-Sampling Error? A non-sampling error is a statistical term that refers to an error that results during data collection, causing the data to differ from the true values. A non-sampling error differs from a sampling error. A sampling error is limited to any differences between sample values and universe values that arise
What Is Unscheduled Personal Property? Unscheduled personal property is a term used in the property insurance sector that refers to personal possessions that are insured under a policy without being individually listed in a separate section, or “schedule,” of the insurance contract. Typically, unscheduled personal property consists of relatively low-value items such as clothing, jewelry
What Is Nonstandard Auto Insurance? Nonstandard auto insurance is offered to drivers considered to carry the most risk of an automobile accident. Auto insurance is a policy purchased by the owner of a vehicle—from an insurance company—to help cover the cost of an automobile accident. Nonstandard auto insurance is for vehicle owners who have a
What Is Non-Standard Monetary Policy? A non-standard monetary policy—or unconventional monetary policy—is a tool used by a central bank or other monetary authority that falls out of line with traditional measures. Non-standard monetary policies came to prominence during the 2008 financial crisis when the primary means of traditional monetary policy, which is the adjustment of interest
What Is a Nontariff Barrier? A nontariff barrier is a way to restrict trade using trade barriers in a form other than a tariff. Nontariff barriers include quotas, embargoes, sanctions, and levies. As part of their political or economic strategy, some countries frequently use nontariff barriers to restrict the amount of trade they conduct with other countries.
DEFINITION of Nontaxable Dividends Nontaxable dividends are dividends from a mutual fund or some other regulated investment company that are not subject to taxes. These funds are often not taxed because they invest in municipal or other tax-exempt securities. BREAKING DOWN Nontaxable Dividends A mutual fund is an investment vehicle made up of a pool
