Browsing Debt Glossary by N

"N" categorized definitions for financial terms you might run across on occasion while handling your personal finances or traversing this directory, with a comprehensive explanation by way of an acronym or word link click.

  • Negative Amortization (i.e. NegAm) – A loan in which the principal increases over time is said to be negatively…
  • Negative Equity – Negative equity indicates that an asset used to secure a loan has a fair market value of less than…
  • Nest Egg – "Nest egg" is a colloquial phrase without any precise meaning. It is usually used to refer to a sum of…
  • Net – In finances, the "net" value is the value actually realized. For example, if an asset is purchased for $1,000 and…
  • Nickel and Dime – "Nickel and dime" is a colloquial phrase, generally derogatory, meaning a small amount of…
  • No Income Verification (i.e. NIV, No Documentation Mortgage, No Doc) – A no income verification loan is made…
  • No-cash Mortgage – A mortgage loan process where the loan settlement costs are included in the principal of the…
  • No-cost Mortgage (i.e. No-fee Mortgage) – A so-called no-cost mortgage is usually used to describe a refinancing…
  • Non-profit Debt Consolidation (i.e. Debt Management Plan) – Non-profit debt consolidation is nothing more than…
  • Non-amortizing Loan (i.e. Interest-only Loan) – A non-amortizing loan requires periodic payments that match the…
  • Nonconforming Mortgage – Any mortgage that does not meet the requirements specified by Fannie Mae and…
  • Nontraditional Mortgage – The term nontraditional mortgage is imprecise, and is used to indicate any form of…
  • Notary Public (i.e. Notary) – A notary public is a public officer entitled to attest to a document’s authenticity. Notary…
  • Notice of Assessment (NOA) – A notice of assessment is an annual statement delivered to taxpayers and detailing…
  • NSF (i.e. Non-sufficient Funds or Insufficient Funds) – When an account cannot provide adequate funds to satisfy a…