Economics & Finance | Françoise Clementi

notarial act

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Action performed by a notary public in his or her official capacity, such as in authenticating a document by witnessing it and placing the notarial

non-contributory pension (Spain)

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The beneficiaries must not have been contributory members of the Social Security system during their working life and this pensions are targeted at low-income households

non-governmental development organization [NGDO]

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a non-profit organization aim to promote policies designed to pursuit the economic development of vulnerable and socially excluded groups and to bolster underdeveloped countries and

non-payment

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A failure to pay money which is owed. (source: http://dictionary.cambridge.org/dictionary/british/non-payment)

non-voting equity units

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Financial assets that are similar to shares. They are marketable securities which represent monetary contributions of an indefinite duration. They are regarded as shareholders’ equity

non-working day

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Commerce: any day (other than Sunday or legal holiday) on which legal business can be conducted. Whether Saturday is a working day or not depends

non-sufficient funds [NSF]

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A term used in the banking industry to indicate that a demand for payment (a cheque) cannot be honored because insufficient funds are available in

No Pago movement

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A rural movement emerged in Nicaragua to promote the refusal of abusive microcredit installments.

nominal interest rate

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Market interest rate unadjusted to reflect the erosion of the purchasing power due to inflation. (source: http://www.businessdictionary.com/definition/nominal-interest-rate.html#ixzz2ivdtlo9M)