Glossary
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Net Lease
- A lease in which the lessee assumes all the costs and expenses related to use and maintenance of the leased asset.
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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
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NET WORTH
- Property owned (assets), minus debts and obligations owed (liabilities), is the owner's equity (net worth).
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non-aqueous phase liquid (NAPL)
- contaminants that remain as the original bulk liquid in the subsurface (see also free product).
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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.
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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.
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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.
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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.
