Novation

Novation

Novation

Defeasance whereby the firm’s debt is canceled.



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Notional principal amount

Notional principal amount

Notional principal amount

In an interest rate swap, the predetermined dollar principal on which the exchanged interest payments are based.



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Notification date

Notification date

Notification date

The day the option is either exercised or expires.



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Notice day

Notice day

Notice day

A day on which notices of intent to deliver pertaining to a specified delivery month may be issued. Related: delivery notice.



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Notes to the financial statements

Notes to the financial statements

Notes to the financial statements

A detailed set of notes immediately following the financial statements in an annual report that explain and expand on the information in the financial statements.



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Note agreement

Note agreement

Note agreement

A contract for privately placed debt.



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Normalizing method

Normalizing method

Normalizing method

The practice of making a charge in the income account equivalent to the tax savings realized through the use of different depreciation methods for shareholder and income tax purposes, thus washing out the benefits of the tax savings reported as final net income to shareholders.



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