Naked Put
How to Profit From Naked Puts and Call Options A naked put is an option contract in which the writer of the option does not hold the underlying position but a short equity position. A naked put writer must cover the contract in case it is assigned. The underlying price must close at or above the strike price at expiration...
National Automated Clearinghouse Association (NACHA)
National Automated Clearinghouse Association (NACHA) What is 'National Automated Clearinghouse Association - NACHA ' A non-profit membership association charged with overseeing the Automated Clearing House (ACH) system, which operates the largest electronic payment network in the world. Most of NACHA's 10,000+ members are depositary institutions and regional payment associations. Through its supervisory and rule-making...
Negative Interest Rate Policy
A negative interest rate policy (NIRP) is a monetary policy that is used by central banks to keep negative rates in the country. The rates are kept at below zero percent to encourage people to invest and spend money. When a central bank implements NIRP, banks will have to pay a certain sum to the central bank for keeping...
National Association of Purchasing Management Chicago (NAPM Chicago)
National Association of Purchasing Management Chicago (NAPM Chicago) What is 'National Association of Purchasing Management Chicago - NAPM Chicago' An association which compiles a survey and index that monitors business conditions in Chicago and its surrounding areas. The National Association of Purchasing Management Chicago (NAPM Chicago) surveys firms in both the manufacturing and non-manufacturing sectors, and provides...
National Market System Plan (NMSP)
What is 'National Market System Plan - NMSP' A nationwide system used in the United States for the selection and reservation of securities symbols, and also for the collection, processing and distribution of quotation and transaction information for exchange-listed securities. The National Market System Plan consists of plans in which FINRA - the largest independent regulator for...
National Housing Act
What is 'National Housing Act' Federal legislation passed in 1934 to create the Federal Housing Administration (FHA). Its purpose is to make credit more available to lenders for home repairs and construction and to make better housing available to low- and moderate-income families. The National Housing Act also led to the 1937 creation of Fannie Mae, a...
National Currency
What is 'National Currency' The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of a nation is usually the predominant currency used for most financial transactions in that country. Explaining 'National Currency' A handful of national currencies such as the U.S. dollar and the euro have...
National Association of Investors Corporation (NAIC)
What is 'National Association of Investors Corporation - NAIC' A non-profit organization that is dedicated to providing investing education that allows individuals to earn positive long-term returns. The association is based in Michigan, and is comprised of investing clubs along with individual investors from around the United States. Explaining 'National Association of Investors Corporation -...
Naked Warrant
What is 'Naked Warrant' A warrant that is issued without a host bond. A naked warrant allows the holder to buy or sell a particular financial instrument, such as a bond or shares, but unlike a normal warrant, it is not sold with an accompanying bond. Naked warrants are typically issued by banks or other financial institutions...
National Treatment
DefinitionNational treatment is a principle in international law vital to many treaty regimes. It essentially means treating foreigners and locals equally. Under national treatment, if a state grants a particular right, benefit or privilege to its own citizens, it must also grant those advantages to the citizens of other states while they are in that country. In the context...