Glossary

Net Lease: A lease in which the lessee assumes all the costs and expenses related to use and maintenance of the leased asset.
Net profit: is the amount remaining after operating expenses are subtracted from gross profit. Thes is illustrated in the formula below: Gross Profit - Operating Expenses = Net Profit
NET WORTH: Property owned (assets), minus debts and obligations owed (liabilities), is the owner's equity (net worth).
non-aqueous phase liquid (NAPL): contaminants that remain as the original bulk liquid in the subsurface (see also free product).
Non-tax-oriented Lease: A lease that is treated as a loan for tax purposes, preventing the lessor from claiming tax benefits on the equipment. The lessee would be treated as the owner for federal income tax purposes.
NOTES AND ACCOUNTS RECEIVABLE: A secured or unsecured receivable evidenced by a note or open account arising from activities involving liquidation and disposal of loan collateral.
NRGT: non resettable grand totals. The cash register(s) NRGT totals shall be used as the starting point for obtaining the total monthly gross sales.
nutrients: major elements (e.g., nitrogen and phosphorus) and trace elements (including sulfur, potassium, calcium, and magnesium) that are essential for the growth of organisms.