Naked Put - The writer of a put option contract who is not short the underlying security.

Narrow Range Day - A trading day with a smaller price range relative to the previous day's price range.

Near-the-Money - An option with a strike price close to the current price of the underlying tradable.

Neckline - A trendline drawn along the support or resistance points of various reversal and consolidation pattern (i.e., head and shoulder, double and triple top/bottom formations).

Negative Amortization - This means that a payment of the stated size is insufficient to repay even the interest on the debt, meaning the total debt actually increases each month instead of falling.

Net Asset Value - The total market value of all securities contained in a mutual fund; also known as price per share.

No Load - Without any sales charge. For mutual funds, shares sold at net asset value.

Noisy Signal - A signal in which the effects of random influences cannot be dismissed.

Nominated Bank - The bank that is stipulated in a documentary credit as authorized to pay or issue a deferred payment undertaking or accept drafts. A nominated Bank is normally bound to pay under the credit*.
Note: If the Bank has added its confirmation to the credit it becomes a confirming bank.

Non-Seasonal Autocorrelation - Autocorrelation that shows up other than at 12-month lag intervals.

Non-Trend Day - A narrow range day lacking any discernible movement in either direction.

Normal Distribution - For the purposes of statistical testing, the simulated net returns are assumed to be drawn from a particular distribution.

Normalize - Adjusting a time series so that the series lies in a prescribed normal, standard range.

Nostro Account - A bank account held by a bank with its foreign correspondent bank, in the currency of that foreign country.

Notary Public - A public officer whose chief duties are certifying deeds and documents, noting protesting bills of exchange etc.

Notice Day - The day that a notice of intent to deliver is issued to a futures contract holder.

Noting - A minute or memorandum made by a Notary Public on a bill of exchange which has been dishonoured.