What Is the NEX? NEX is a separate board on the TSX Venture stock exchange that provides a unique trading forum for listed companies that no longer meet the TSX Venture’s ongoing listing standards. The NEX is designed for companies that have low levels of business activity or have ceased to carry on active business.
DEFINITION of Next-Day Funds In banking, next-day funds are money that becomes available for use on the next business day following the day it is deposited. In investing, next-day funds are available the business day following a trade; however, most trades have used same-day funds settlement since 1996, based on the Group of 30’s recommendations
What Is Next Eleven? The next eleven, also known as N-11, are the eleven countries that are poised to become the biggest economies in the world in the 21st century, after the BRIC countries. The N-11 was chosen by Goldman Sachs Group, Inc in a 2005 paper exploring the potential of BRIC and the N-11. The next
What Is Next Generation Fixed Income (NGFI)? Next generation fixed income (NGFI) is an innovative approach to investing in which a portfolio manager actively exploits all factors of return across a range of fixed income strategies, from traditional, benchmark-oriented approaches to alternative tactics such as hedge funds and fully unconstrained strategies. Key Takeaways Next generation
What (and Who) Is Next of Kin? The term next of kin usually refers to a person’s closest living relative(s). Individuals who count as next of kin include those with a blood relation, such as children, or those with a legal standing, such as spouses or adopted children. A person’s next of kin often takes
What Is NEXUS? NEXUS is a government-sponsored Trusted Travelers Program that allows pre-screened U.S. and Canadian citizens to expedite border crossings. U.S. and Canadian citizens using NEXUS experience expedited border crossings into the United States and Canada with less immigration and customs questioning. NEXUS is valid for air, land, and sea travel, and a NEXUS
What Is Net Investment? Net investment is the total amount of money that a company spends on capital assets, minus the cost of the depreciation of those assets. This figure provides a sense of the real expenditure on durable goods such as plants, equipment, and software that are being used in the company’s operations. Key
What Is a Net Lease? The term net lease refers to a contractual agreement where a lessee pays a portion or all of the taxes, insurance fees, and maintenance costs for a property in addition to rent. Net leases are commonly used in commercial real estate. In the purest form of a net lease, the tenant is
What Is Net Leverage (Insurance)? Net leverage is the sum of an insurance company’s net written premiums ratio and its net liability ratio. Net leverage is used to determine how exposed an insurer is to pricing and claims estimation errors. It is used as a gauge of the insurance company’s financial health. Key Takeaways An insurer’s
What Is the Net Liabilities to Policyholders’ Surplus Ratio? Net liabilities to policyholders’ surplus is the ratio of an insurer’s liabilities, including unpaid claims, reserve estimation errors, and unearned premiums, to its policyholders’ surplus. Also called the net liability leverage ratio, the net liabilities to policyholders’ surplus ratio represents the risk that an insurer’s loss
