What Is a No-Appraisal Mortgage? The term no-appraisal mortgage refers to a type of home loan that doesn’t require an appraisal. This means an independent opinion of the property’s current fair market value (FMV) is not necessary. The majority of lenders provide no-appraisal mortgages for refinancing purposes while others may offer them for first-time loans.
What Is a Non-Objecting Beneficial Owner (NOBO)? A non-objecting beneficial owner (NOBO) is a beneficial owner of a company who gives permission to a financial intermediary to release their name and address to the companies or issuers in which they have bought securities. This allows companies to contact the beneficial owner directly with various communication
What Is Net Operating Income (NOI)? Net operating income (NOI) is a calculation used to analyze the profitability of income-generating real estate investments. NOI equals all revenue from the property, minus all reasonably necessary operating expenses. NOI is a before-tax figure, appearing on a property’s income and cash flow statement, that excludes principal and interest
What is a Noise Trader? Noise trader is generally a term used in academic finance studies associated with the Efficient Markets Hypothesis (EMH). The definition is often vaguely stated throughout the literature though it is mainly intended to describe investors who make decisions to buy or sell based on factors they believe to be helpful
What Is the Norwegian Krone (NOK)? The Norwegian krone (NOK) is the official currency of Norway. Its regulation and circulation are controlled by the country’s central bank, the Norges Bank. The bank has issued its eighth series of banknotes, including the latest in November 2019, which saw new 1000-krone bills. The year before introduced the
What Is the Network Effect? The network effect is a phenomenon whereby increased numbers of people or participants improve the value of a good or service. The internet is an example of the network effect. Initially, there were few users on the internet since it was of little value to anyone outside of the military
What Is Network Marketing? Network marketing is a business model that depends on person-to-person sales by independent representatives, often working from home. A network marketing business may require you to build a network of business partners or salespeople to assist with lead generation and closing sales. There are many reputable network marketing operations, but some
What Is Net Worth? Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe. It is an important metric to gauge a company’s health, providing a useful snapshot of its current financial position. Sometimes called net wealth, one’s net worth is used in the financial world to
What Is a Neural Network? A neural network is a series of algorithms that endeavors to recognize underlying relationships in a set of data through a process that mimics the way the human brain operates. In this sense, neural networks refer to systems of neurons, either organic or artificial in nature. Neural networks can adapt
What Is Neutral? Neutral describes a position taken in a market that is neither bullish nor bearish. In other words, it is insensitive to the direction of the market’s price. If an investor has a neutral opinion—believing that a security or index will neither increase nor decrease in value in the near future—they can undertake
