Course glossary

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Here are some worlds which should be familiar for you till the end of the course, try to cover them when you will have free time.


Browse the glossary using this index

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N

National insurance

National insurance is a form of tax which everyone currently employed must pay in order to qualify for benefits, including the state pension.

Negative equity

When the value of an asset you have already bought becomes worth less than what you initially paid.

Net

The amount of profit remaining after deductions such as tax have been made.

Net asset value

A way of measuring investment trusts. Take the total number of its assets minus its liabilities.

NIESR

National Institute of Economic and Social Research.

Nominal interest rate

An interest rate that isn’t adjusted for inflation.

Nominal values

These values do not take inflation into account.

Non-executive director

This is a director who helps the company and offers an independent view on strategies and performance but is not actively involved in the day-to-day running.