North American Industry Classification System (NAICS) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is a NAICS code?The North American Industry Classification System (NAICS) was developed jointly by the U.S. Economic Classification Policy Committee (ECPC), Statistics Canada, and Mexico’s Instituto Nacional de Estadistica y Geografia to classify the...

NonQualified Deferred Compensation – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is Non-Qualified Deferred Compensation?Non-qualified deferred compensation (NQDC) is a type of retirement contribution that is earned by the employee but not yet paid by the employer. It is not counted in taxable income, as the compensation (monetary or...

No Par Value Stock – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Finance, Personal Finance, and Valuation Principles

What is No-Par Value Capital Stock?No Par Value stocks are issued without a par value mentioned either on the share certificate or in the issuer company’s prospectus. There is no minimum baseline for determining the value of such stocks, the prices are...

New York Mercantile Exchange (NYMEX) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is the New York Mercantile Exchange?The New York Mercantile Exchange (NYMEX) is the worlds largest exchange, trading physical commodity futures. It was founded in 1872 and is currently owned by the Chicago Mercantile Exchange Group (CME). The other three...

New York Board of Trade (NYBOT) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is the New York Board of Trade?New York Board of Trade (NYBOT) is a physical commodity futures exchange created in June 2004, by the merger of two historic exchanges: the New York Cotton Exchange and Coffee Sugar and Cocoa Exchange. The New York Board of Trade...

Neoliberalism (Economics) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is Neoliberalism?Neoliberalism is an ideology and policy model that advocates for the free market economy and argues in favor of transferring the power of controlling the economy from public sector to private sector. What are the Principles of Neoliberalism?The...

Neoclassical Economics – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is Neoclassical Economics?Neoclassical Economics argues that, as the consumers goal is utility maximization and the organizations goal is profit maximization, the customer is ultimately in control of market forces such as price and demand. The theory relates the...

National Average Wage Index – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is the National Average Wage Index?The Social Security Administration (SSA) of the United States uses the National Average Wage Index (NAWI) for computing a persons retirement benefits. The SSA calculates the NAWI once a year to measure the wage trend in the...

National Futures Association – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is the National Futures Association?The National Futures Association (NFA) is a self-regulatory organization for the futures and derivatives market in the United States. The NFA is a registered futures association designated by the Commodities Futures Trade...

National Association of Mortgage Brokers – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is the National Association Of Mortgage Brokers?What does the National Association of Mortgage Brokers Do? What is the National Association Of Mortgage Brokers?The National Association of Mortgage Brokers (NAMB) is a leading national...