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
What Is a Nontraditional Mortgage? A nontraditional mortgage broadly describes mortgages that do not have standard conventional characteristics. These can refer to any type of mortgage that doesn’t conform to a standard amortization schedule or have standard installment payments. Nontraditional mortgages often come with higher interest rates because of the higher payment risks associated with
What Was a Noon Average Rate Contract (NARC)? A noon average rate contract (NARC) referred to a currency forward involving an official exchange rate published by a central bank at noon each day. Established by the Bank of Canada (BOC), NARCs typically used the forex rate between the U.S. and Canadian dollar as a point
What Was the Noon Rate? The noon rate was a forex term used by the Bank of Canada (BOC) publishing a specific instance of the foreign exchange rate between the U.S. dollar and the Canadian dollar (CAD), i.e., the USD/CAD rate. The noon rate was released by 12:45 p.m. each day by the central bank
What Is No-Par Value Stock? No-par value stock is issued without the specification of a par value indicated in a company’s articles of incorporation or on its stock certificates. Most shares issued are classified as no-par or low-par value stock, where prices of the latter are determined by the amount of cash investors are willing
What Is Net Operating Profit After Tax? Net operating profit after tax (NOPAT) is a financial measure that shows how well a company performed through its core operations, net of taxes. NOPAT is frequently used in economic value added (EVA) calculations and is a more accurate look at operating efficiency for leveraged companies. NOPAT does
What Is Net Operating Profit Less Adjusted Taxes (NOPLAT)? Net operating profit less adjusted taxes (NOPLAT) is a financial metric that calculates a firm’s operating profits after adjusting for taxes. By using operating income, or income before taking interest payments into account, NOPLAT serves as a better indicator of operating efficiency than net income. Key
