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Glossary

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Term Description
NAIC
Naked Option
naked position
NASAA
NASD
NASDAQ
National Best Bid and Offer - NBBO
National Guarantee Fund (NGF)
National Market System
Negotiable
net asset value (NAV)
net assets
Net Change
net current assets
net position
net profit
net tangible asset backing
net tangible assets (NTA)
new
New Issue
New York Stock Exchange (NYSE)
NFA
no liability company
non current liabilities
Non-cumulative
Non-Regular Way
non-renounceable rights
normal market
NSCC
NSTA
number
number of employees
NYAC
NYSE Composite Index
NYSE-Listed
New Issue
A stock or bond sold by a corporation for the first time. Proceeds may be used to retire outstanding securities of the company, for new plants or equipment, for additional working capital, or to acquire a public ownership interest in the company for private owners.
 
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