What Is the Nelson Complexity Index? The Nelson Complexity Index (NCI) is a measure of the sophistication of an oil refinery, where more complex refineries are able to produce lighter, more heavily refined and valuable products from a barrel of oil. Refineries that are higher on the Nelson Complexity Index are valued higher relative to their
Nelson Peltz is a renowned activist investor and billionaire. With Peter May and Edward Garden, he founded Trian Fund Management. L.P. in 2005. Peltz has served on the boards of multiple corporations, including Ingersoll-Rand, Mondelez International, and Proctor & Gamble. Key Takeaways • Nelson Peltz co-founded Trian Fund Management, L.P. in 2005.• He is an
What Is Neoclassical Economics? Neoclassical economics is a broad theory that focuses on supply and demand as the driving forces behind the production, pricing, and consumption of goods and services. It emerged in around 1900 to compete with the earlier theories of classical economics. Key Takeaways Classical economists assume that the most important factor in
What Is the Neoclassical Growth Theory? Neoclassical growth theory is an economic theory that outlines how a steady economic growth rate results from a combination of three driving forces—labor, capital, and technology. The National Bureau of Economic Research names Robert Solow and Trevor Swan as having the credit of developing and introducing the model of
What Is Neoliberalism? Neoliberalism is a policy model that encompasses both politics and economics. It favors private enterprise and seeks to transfer the control of economic factors from the government to the private sector. Many neoliberal policies concern the efficient functioning of free market capitalism and focus on limiting government spending, government regulation, and public
What Is a Nervous Nellie? Nervous Nellie refers to an investor who is not comfortable with investing and the risks associated with it. Nervous Nellies have very little risk tolerance. As a result, their investment returns are likely to suffer because they will put money only in very low-risk, low-return investments. Even a medium-risk scenario
What Is the National Credit Union Administration (NCUA)? The National Credit Union Administration (NCUA) is an agency of the United States federal government. The federal government created the NCUA to monitor federal credit unions across the country. Key Takeaways Credit unions and banks offer similar financial products, like mortgages, auto loans, and savings accounts, but
What is an NCUA-Insured Institution? An NCUA-insured institution is a financial institution that is a participant of the National Credit Union Administration (NCUA) program. Most NCUA insured institutions are federal- and state-chartered credit unions and savings banks. Accounts at NCUA-insured institutions are usually insured through the National Credit Union Share Insurance Fund (NCUSIF). The NCUA
What Is a Non-Disclosure Agreement (NDA)? A non-disclosure agreement (NDA) is a legally binding contract that establishes a confidential relationship. The party or parties signing the agreement agree that sensitive information they may obtain will not be made available to any others. An NDA may also be referred to as a confidentiality agreement. Non-disclosure agreements
What Is a Non-Deliverable Forward (NDF)? A non-deliverable forward (NDF) is a cash-settled, and usually short-term, forward contract. The notional amount is never exchanged, hence the name “non-deliverable.” Two parties agree to take opposite sides of a transaction for a set amount of money—at a contracted rate, in the case of a currency NDF. This means that counterparties
