Net Income 

The company's total earnings, reflecting revenues adjusted for costs of doing business, depreciation, interest, taxes and other expenses.


The act that occurs when security transactions are pooled and buys and sells are offset against each other for a net settlement of any difference.

Net Worth See Stockholders' Equity.

New Issue

The first time the company's stock is issued the company is said to be going public; in other words the owners of the company are selling part or all of the ownership to the general public. This is called an initial public offering (IPO). A company goes public when it needs to raise cash, usually for expansion. When the company goes public, it also benefits from trading since it gives the company more legitimacy: its performance, its financial vitality, becomes visible to all, the underwriters are the Investment Bankers who handle the stock offering. They prepare the prospectus and underwrite (buy up) all the shares for sale from the company, then sell them to the public.

New-Issues Market The market in which a new issue of securities is first sold to investors.

New Listing

A security that has just begun to trade on the stock exchange.

Noncallable Bonds Bonds that cannot be redeemed whenever desired by the issuer.


A person or firm, such as a bank or brokerage house, into whose name securities are registered by agreement between the two parties concerned.

Notice of Meeting

The legal one-page notice to security holders stating the date, time and place of the shareholder meeting. This page is normally attached to the front of the proxy statement.