Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

Entries starting with N

N/AWritten abbreviation for 'not applicable', used on forms to show that you are not answering a question because it is not designed for people...
Nafta North American Free Trade AgreementThe North American Free Trade Agreement  between the US, Canada and Mexico came into force in January 1994. Nafta eliminated tariffs and...
nagwareComputer software which is offered free to customers for a period of time, after which the supplier sends frequent messages to the customer,...
NAICSWritten abbreviation for North American Industry Classification System.
NAIRUNon-accelerating inflation rate of unemployment: the number of people without work that some economists say is necessary at a particular...
naked contractA futures contract or options contract where the seller does not own the related shares etc.
naked optionWhen the seller of an option does not have the corresponding position in the underlying security. Issuing a call option without having a...
naked short sellingThe practice of seeking to profit from an expected fall in the price of an asset by selling shares you do not own without borrowing, or...
naked writerSomeone who sells options (the right to buy shares etc at a particular price at a later date) for shares etc that they do not own.
NAMANama is an abbreviation for the National Asset Management Agency.  In 2009, the Irish government set up this bad bank to take over toxic...
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