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Home»Glossary

Glossary 

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Negligence (Insurance)

The failure to act in a way that a reasonable person would, which may result in damage or bodily harm.

Negotiable (Business banking)

Accepted for payment in a credit union or bank.

Negotiable (Daily banking)

Accepted for payment in a credit union or bank.

Net estate (Trust and estate)

The total of a person’s property less any debts owed by that person at the time of their death.

Net worth (Daily banking)

The value of a person’s assets (what is owned) minus their liabilities (what is owed).

No-fault (Insurance)

A type of auto insurance that provides compensation no matter who was at fault for an accident, harm or damage.

Non-redeemable investments (Investment)

Investments that are locked in for a specified period of time and may not be withdrawn before their maturity date.

Non-registered investments (Investment)

Investments that are not part of a program registered with the government

Non-Sufficient Funds (Business banking)

A situation where there is not enough money available in an account to cover a cheque or loan payment.

Non-Sufficient Funds (Daily banking)

A situation where there is not enough money available in an account to cover a cheque or loan payment.

NSF (Business banking)

Non-Sufficient Funds – A situation where there is not enough money available in an account to cover a cheque or loan payment.

NSF (Daily banking)

Non-Sufficient Funds – A situation where there is not enough money available in an account to cover a cheque or loan payment.

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