Glossary of terms
N

Net Income: The amount which revenues exceed expenses in any given time
period. Contrast to Net Loss.

Net Proceeds: The face value of a loan less all brokerage fees, appraisal costs
and other charges.

Nominal Rate: An interest rate quoted as a rate per annum; it is equal to the
interest Of Interest rate per compounding period multiplied by the number of
compounding periods.(For example, j2 = 10%; j4=12%; j12=11.5%).
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