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Debt instruments with initial maturities greater than one year and less than 10 years.
Note agreement
A contract for privately placed debt.
Note issuance facility (NIF)
An agreement by which a syndicate of banks indicates a willingness to accept short-term notes from
borrowers and resell these notes in the Eurocurrency markets.
Notes to the financial statements
A detailed set of notes immediately following the financial statements in an annual report that explain and
expand on the information in the financial statements.
Not held order (NH order)
Mainly applies to international equities. Market or limit order in which the customer does not desire to
transact automatically at the inside market (market held) but instead has given the trader or floor broker
(listed stock) time and price discretion in executing on a best efforts basis and will not hold the broker
responsible if he misses the print within his limits (limit not held) or obtains a worse price (market not held).
The order is marked not held, disregard tape/D.R.T., take time or bears any such qualifying notation,
excluding or better. See: held order.
Notice day
A day on which notices of intent to deliver pertaining to a specified delivery month may be issued. Related:
delivery notice.
Notification date
The day the option is either exercised or expires.
Notional principal amount
In an interest rate swap, the predetermined dollar principal on which the exchanged interest payments are
based.
Novation
Defeasance whereby the firms debt is canceled.
NOW
See: Negotiable Order of Withdrawal
NPV
See: Net present value
NPV profile
A graph of N.P.V. as a function of the discount rate.
NYSE
See: New York Stock Exchange
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