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
What are Normalized Earnings? Normalized earnings are adjusted to remove the effects of seasonality, revenue, and expenses that are unusual or one-time influences. Normalized earnings help business owners, financial analysts, and other stakeholders understand a company’s true earnings from its normal operations. An example of this normalization would be to remove a land sale from
What Is Normal Market Size? Normal market size is a share classification structure based on the number of shares outstanding. This classification is used in determining the number of shares that a market maker can trade at the quoted price. Key Takeaways Normal Market Size (NMS) is the minimum number of shares in a particular company
What Is Full Retirement Age (FRA)? Full retirement age (FRA), also known as normal retirement age, is the age at which you can receive full retirement benefits from Social Security. Full retirement age varies depending on the year you were born. FRA is 66 years and two months for people born in 1955, and it
What is the Normal Yield Curve? The normal yield curve is a yield curve in which short-term debt instruments have a lower yield than long-term debt instruments of the same credit quality. This gives the yield curve an upward slope. This is the most often seen yield curve shape, and it’s sometimes referred to as
What Is Normative Economics? Normative economics is a perspective on economics that reflects normative, or ideologically prescriptive judgments toward economic development, investment projects, statements, and scenarios. Unlike positive economics, which relies on objective data analysis, normative economics heavily concerns itself with value judgments and statements of “what ought to be” rather than facts based on cause-and-effect
