Alphabetical - N

Naked PositionA short position in a call option that is not combined with a long position in the underlying asset.
NASDAQNational Association of Securities Dealers
National DebtThe total outstanding debt of the central government especially bonds and national savings
New IssueThe placing of company shares on the stock exchange.
NIFNote Issuance Facility
NMSNormal 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 AssumptionThe assumption that there are no arbitrage opportunities in market prices.
Noise TraderA trader who randonly buys and sells
Non-Callable Bond??
Nonsystematic RiskRisk that can be diversified away
Normal BackwardationA situation where the futures price is below the expected future spot price
Normal MarketA market where futures prices increase with maturity.
Notional??
Notional PrincipleThe principal used to calculate payments in an interest rate swap. The prinipal is "notional" because it is neither paid nor received.
NPVNet Present Value
Numerical ProcedureA 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.

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