Alphabetical - N

Naked Position	A short position in a call option that is not combined with a long position in the underlying asset.
NASDAQ	National Association of Securities Dealers
National Debt	The total outstanding debt of the central government especially bonds and national savings
New Issue	The placing of company shares on the stock exchange.
NIF	Note Issuance Facility
NMS	Normal Market Size - This is the classification concept replacing the three classes alpha, beta and gamma. It is based on a percentage of an average days trading. There are 12 bands and they are used to decide the minimum quote size, the maximum size for immediate publication of trades and the maximum size handled by the SAEF system (UK)
No Arbitrage Assumption	The assumption that there are no arbitrage opportunities in market prices.
Noise Trader	A trader who randonly buys and sells
Non-Callable Bond	??
Nonsystematic Risk	Risk that can be diversified away
Normal Backwardation	A situation where the futures price is below the expected future spot price
Normal Market	A market where futures prices increase with maturity.
Notional	??
Notional Principle	The principal used to calculate payments in an interest rate swap. The prinipal is "notional" because it is neither paid nor received.
NPV	Net Present Value
Numerical Procedure	A method of valuing an option when no formula is available.

Naked Position A short position in a call option that is not combined with a long position in the underlying asset.
NASDAQ National Association of Securities Dealers
National Debt The total outstanding debt of the central government especially bonds and national savings
New Issue The placing of company shares on the stock exchange.
NIF Note Issuance Facility
NMS Normal Market Size - This is the classification concept replacing the three classes alpha, beta and gamma. It is based on a percentage of an average days trading. There are 12 bands and they are used to decide the minimum quote size, the maximum size for immediate publication of trades and the maximum size handled by the SAEF system (UK)
No Arbitrage Assumption The assumption that there are no arbitrage opportunities in market prices.
Noise Trader A trader who randonly buys and sells
Non-Callable Bond ??
Nonsystematic Risk Risk that can be diversified away
Normal Backwardation A situation where the futures price is below the expected future spot price
Normal Market A market where futures prices increase with maturity.
Notional ??
Notional Principle The principal used to calculate payments in an interest rate swap. The prinipal is "notional" because it is neither paid nor received.
NPV Net Present Value
Numerical Procedure A method of valuing an option when no formula is available.