| N Terms
: |
Negative Gearing
|
Where the return on an investment is not sufficient to cover
the costs on the investment, e.g. property maintenance and
interest on the loan. |
Net Income
|
Income after taxes are deducted. |
Net Worth
|
The value of a persons assets minus liabilities. |
Nominee
|
A person who, in a limited sense, acts for or represents
another. |
Notice of Default
|
A formal written notice to a borrower that a default has
occurred and that legal action may be taken. |
Notice to Quit
|
A notice to a tenant to vacate the property. |
Null and Void
|
That which cannot be legally enforced, as with a contract
provision that is not in conformance with the law. |