What Are 409A Plans? 409A Plans refer to a non-qualified deferred compensation has been earned by an employee but not yet received from their employer. Because the ownership of the compensation—which may be monetary or otherwise—has not been transferred to the employee, it is not yet part of the employee’s earned income and is not
What Is the NASDAQ Global Market Composite? The NASDAQ Global Market Composite is an international stock market index comprising 1,450 stocks that represent the NASDAQ Global Market. Stocks in this index must meet NASDAQ’s strict corporate governance standards and financial and liquidity requirements. The Global Market Composite is less exclusive than the Global Select Market Composite. Key Takeaways The NASDAQ Global Market
What Is the NASDAQ Global Select Market Composite? The NASDAQ Global Select Market Composite is a market capitalization-weighted index made up of U.S.-based and international stocks that represent the NASDAQ Global Select Market. As of August 2020, the NASDAQ Global Select Market Composite consisted of more than 1,400 stocks that meet Nasdaq’s strict financial and
What Is Form NR6? The NR6 Form is a Canada Revenue Agency (CRA) document that a non-resident who has received a rent or timber royalty payment in Canada must submit to the agency to declare their intent to file an income tax return for that year. The NR6 is often used in conjunction with Form
What Is Net Realizable Value (NRV)? Net realizable value (NRV) is a valuation method, common in inventory accounting, that considers the total amount of money an asset might generate upon its sale, less a reasonable estimate of the costs, fees, and taxes associated with that sale or disposal. Key Takeaways Net realizable value (NRV) accounts
What Is a National Securities Clearing Corporation? National Securities Clearing Corporation (NSCC) is a subsidiary of Depository Trust & Clearing Corporation (DTCC) that provides centralized clearing, risk management, information, and settlement services to the financial industry. The NSCC offers multilateral netting so that brokers can offset buy and sell positions into a single payment obligation.
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
