Normal random variable
A random variable that has a normal probability distribution.
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Archive for the 'N Glossary' Category
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Normal probability distribution
A probability distribution for a continuous random variable that is forms a symmetrical bell-shaped curve around the mean.
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Normal portfolio
A customized benchmark that includes all the securities from which a manager normally chooses, weighted as the manager would weight them in a portfolio.
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Normal backwardation theory
Holds that the futures price will be bid down to a level below the expected spot price.
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Normal annuity form
The manner in which retirement benefits are paid out.
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Non-tradables
Refer to goods and services produced and consumed domestically that are not close substitutes to import or export goods and services.
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Nonsystematic risk
Nonmarket or firm-specific risk factors that can be eliminated by diversification. Also called unique risk or diversifiable risk. Systematic risk refers to risk factors common to the entire economy.
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Non-reproducible assets
A tangible asset with unique physical properties, like a parcel of land, a mine, or a work of art.
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Nonrefundable
Not permitted, under the terms of indenture, to be refundable.
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Nonredeemable
Not permitted, under the terms of indenture, to be redeemed.
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