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Non-Callable Floater

A floater (floating rate note, FRN) that is not callable (as opposed to a callable floater). In other words, it...

Non-Statutory Reserve

Any types of reserves that are created and allocated for a specified purpose but not established by a statutory or...

Nominal Value

The value that is stated on a coin or banknote (monetary assets). Nominal value refers also to the face value...

Notional Value

The nominal value or face value of a financial instrument, on which payment of interest or payoff is based and...

Non-Recourse LCLN

A leveraged credit linked note (LCLN) is a note that is secured by collateral posted, but for which the borrower...

Non-Recourse Leveraged CLN

A leveraged credit linked note (LCLN) is a note that is secured by collateral posted, but for which the borrower...

Non-Recourse Leveraged Credit Linked Note

A leveraged credit linked note (LCLN) is a note that is secured by collateral posted, but for which the borrower...

No-Interest Loan

A loan for which a borrower is not required to pay any interest. However, a borrower will have to repay...

Non-Sticky Toggle Tranche

A type of toggle tranche that maintains its priority only for a temporary interval defined by the span of time...

Note of Hand

Another name for a promissory note, which is a written promise whereby the maker (issuer, payor, obligor, or promisor) unconditionally...