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• Net present value

  (NPV) the difference between the present value of cash inflows and the present value of cash outflows over a period of time. NPV is used in capital budgeting and investment planning to analyze the profitability of a projected investment or project.

• Net Asset Value

  The value of an entity's assets minus the value of its liabilities, often in relation to open-end, mutual funds, hedge funds, and venture capital funds. This instrument is used to estimate whether a fund is under or overvalued.

• Net market exposure

  An indication of the sensitivity of a long/short fund to direction and volatility of markets. Lower net exposure typically means less direct impact from overall market movements.

• Non-recourse finance

  A type of commercial lending that entitles the lender to repayment only from the profits of the project the loan is funding and not from any other assets of the borrower. Such loans are generally secured by collateral.

• Non-traded REITs

  A real estate investment trust (REIT) that is registered as a public company with the SEC but not listed and traded on a public exchange. Non-traded REITs allow investors to access diversified real estate investments with little capital requirements and added taxation benefits.

• Notional value

  A term often used to value the underlying asset in a derivatives trade. Put simply, it is the face value that is used to determine payments on a financial asset.

• Non-Disclosure Agreement (NDA)

  A legal contract that outlines the confidential information that parties agree not to disclose to third parties, commonly used in investment discussions to protect sensitive information

• Non-binding offer

  A preliminary proposal or indication of interest to acquire a company or investment, which is not legally enforceable and does not create a contractual obligation to complete the transaction.

• Niche market

  A specialized and narrow segment of a larger market, typically characterized by specific customer needs or preferences, providing opportunities for targeted investment and market penetration.

• Net income

  The profit that remains after all expenses and costs have been subtracted from revenue. Net income—also called net profit—helps investors determine a company's overall profitability, which reflects how effectively a company has been managed.