Glossary Results - N

natural person - A human being, not a legal entity, afforded certain rights under the United States Constitution.  

Naturalization - Process by which a person acquires nationality after birth and becomes entitled to privileges of citizenship.

Negligence - Failure to use care which a reasonable and prudent person would use under similar circumstances.

negotiable instrument - Written document held by the owner that represents an unconditional promise to pay a specified amount of money upon demand.  

Negotiation - The process of submission and consideration of offers until an acceptable offer is made and accepted.

net earnings - Earnings that remain after subtraction of mandatory deductions from an employee's gross income.  

net income - The amount of income that remains after deductions are taken from gross income.  

Next Friend - One acting without formal appointment as guardian for the benefit of an infant, a person of unsound mind not judicially declared incompetent, or other person under some disability.

next of kin - Closest relative of someone who has died. Usually the spouse is considered the "next of kin".  

No Bill - This phrase, endorsed by a grand jury on the written indictment submitted to it for its approval, means that the evidence was found insufficient to indict.

No-contest Clause - Language in a will that provides that a person who makes a legal challenge to the will's validity will be disinherited.

No-fault Proceedings - A civil case in which parties may resolve their dispute without a formal finding of error or fault.

Noise Control Act - A act which gives government agencies the right to promulgate standards and regulations relating to abatement of noise emissions, i.e., requirements that autos and like vehicles must have mufflers.

nolo contender - No Contest. Plea that has the same affect as a guilty plea but is not considered an admission of guilt.  

non-competition agreement - Agreement where one party agrees not to compete with the other party for a specific period of time and within a particular area.  

non-dischargeable debts - Debts that will not be voided by the law of bankruptcy.  

nondisclosure agreement - Contract in which a person or business promises to treat certain information as a trade secret and not disclose it to others without authorization.  

nonexempt property - Property creditors can claim under a Chapter 7 bankruptcy or when a creditor sues and wins a judgment.  

Nonfeasance - Nonperformance of an act which should be performed; omission to perform a required duty or total neglect of duty.

Non-jury Trial - Trial before the court but without a jury.

nonprofit corporation - Legal entity authorized by state law allowing people to unite for the purpose of either benefiting members of an organization or for some other public benefit. Nonprofit corporations can make a profit, but the business cannot be designed primarily for profit

notarize - When a Notary Public certifies a legal document thereby establishing the authenticity of the signature on the document.  

notary public - Public officer, licensed by the state to administer oaths, certify legal documents and perform other specified functions.  

Notice - Formal notification to the party that has been sued in a civil case of the fact that the lawsuit has been filed. Also, any form of notification of a legal proceeding.

Notice to creditors - A notice given by the bankruptcy court to all creditors of a meeting of creditors.

nuisance - Anything that interferes with the use of property by being irritating, offensive, or obstructive.  

nuisance fees - Fees charged by most credit card companies to increase their profits when a person fails to use the card in a manner preferred by the credit card companies. 

Nuncupative will - An oral (unwritten) will.

NASD - National Association of Securities Dealers.

Glossary Of Legal Terms This is a Legal glossary/dictionary for visitor reference. Please click on the letter below to search by alphabet to find the term you are looking for. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z