What Is a Nonperforming Asset? A nonperforming asset (NPA) is a debt instrument where the borrower has not made any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is, therefore, not yielding any income to the lender in the form of interest payments.
What Is a Nonperforming Loan (NPL)? A nonperforming loan (NPL) is a loan that is in default due to the fact that the borrower has not made the scheduled payments for a specified period. Although the exact elements of nonperforming status can vary depending on the specific loan’s terms, “no payment” is usually defined as
What Is a Nonpersonal Time Deposit? A nonpersonal time deposit is a time deposit account that is held by a depositor who is not a natural person, such as a corporation. Like regulator time deposit accounts, nonpersonal time deposits are interest-bearing accounts with limitations regarding when funds can be withdrawn. Key Takeaways Nonpersonal time deposits
What Is Nonprofit Marketing? Nonprofit marketing refers to activities and strategies that spread the message of the organization, as well as solicit donations and call for volunteers. Nonprofit marketing involves the creation of logos, slogans, and copy, as well as the development of a media campaign to expose the organization to an outside audience. The
What is a Nonprofit Organization? A nonprofit organization is a business that has been granted tax-exempt status by the Internal Revenue Service (IRS) because it furthers a social cause and provides a public benefit. Donations made to a nonprofit organization are typically tax-deductible to individuals and businesses that make them, and the nonprofit itself pays
What Is a Non-Publicly Offered Mutual Fund? Non-publicly offered mutual funds are investment vehicles available only to wealthy investors, largely because of their higher risks and higher potential returns. Issuers register non-publicly traded mutual funds through a private placement, not as securities. Those who buy non-publicly offered mutual funds must be an accredited investor, meaning
What Is a Non-Purpose Loan? A non-purpose loan is an alternative type of loan that often involves using investment securities as collateral and relies on complex structuring. Regulated non-purpose loans can be offered by brokerages and financial institutions with some specific government-regulatory documentation requirements. Key Takeaways A non-purpose loan is an alternative type of loan
What Is a Non-Qualified Roth IRA Distribution? A non-qualified Roth individual retirement account (Roth IRA) distribution is a withdrawal that doesn’t meet Internal Revenue Service (IRS) criteria for a qualified distribution. If you take a non-qualified distribution, you could end up owing taxes on the amount withdrawn as well as an early withdrawal penalty. Key
Non-recourse debt is a type of loan secured by collateral, commonly property. If the borrower defaults, the issuer can seize the collateral but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full value of the defaulted amount. A non-recourse debt does not hold the borrower personally
What Is a Nonce? “Nonce” is a portmanteau of “number used only once.” It is a four-byte number added to a hashed—or encrypted—block in a blockchain that, when rehashed, meets the difficulty level restrictions. The nonce is the number that blockchain miners are solving for. When the solution is found, the blockchain miner that solves
