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Transportation and Business Terms

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1. NAICS:  In 1997, The North American Industry Classification System (NAICS) replaced the U.S. Standard Industrial Classification (SIC) system. NAICS was developed jointly by the U.S. , Canada , and Mexico to provide new comparability in statistics about business activity across North America . NAICS is a unique system for classifying business establishments and is the first economic classification sy...
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2. National Association of Securities Dealers (NASD): Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market.

3. National Association of Securities Dealers Automated Quotations System (NASDAQ) An electronic quotation system that provides price quotations to market participants about the more actively traded common stock issues in the OTC market. About 4,000 common stock issues are included in the NASDAQ system.

4. National Association of Securities Dealers Automated Quotations System (NASDAQ): Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market.

5. National bank: A commercial bank approved by the U.S. Comptroller of the Currency, which is required to be a member of and purchase stocks in the Federal Reserve System.

6. net assets (owners' equity): The ownership interest in the assets of an entity; equal total assets minus total liabilities.

7. net income (or net loss): A measure of the overall performance of a business entity; equal to revenues minus expenses for the period.

8. net proceeds: The difference between maturity value and discount when a note receivable is discounted.

9. net profit margin: A measure of profitability based on the ratio of net income to total operating revenues.

10. net realizable value of accounts receivable:  The net amount that would be received if all receivables considered collectible were collected; equal to total accounts receivable less the allowance for uncollectible accounts; also called the book value of accounts receivable.

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