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GLOSSARY OF BUSINESS AND FINANCIAL TERMS

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NEGATIVE CASH FLOW - A business or income property with operating expenses and debt service exceeding gross operating income.

NEGLIGENCE - The failure of a business practitioner to exercise a degree of care that is reasonable in relation to commonly expected standard.

NET - What is left after deducting all charges.

NET INCOME - The excess of revenue when matched with related expenses of the same time period.

NET LOSS - The excess of expenses when matched with related revenue for the same time
period.

NET WORTH - Indicates the owner's equity in a business, calculated by deducting total
liabilities from total assets.

NO-LOAD FUND - A mutual fund for which there are no fees for buying shares or units
of the fund.

NON-SUFICIENT FUNDS (NSF) CHEQUE - A cheque for which there are not enough funds in the account of the person who writes it.
 


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