Lat. Not his own master. The opposite of sui juris, (q. v.)
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NON SUM INFORMATUS
Lat. I am not informed; I have not been instructed. The name of a species of judgment by default , which is entered when the defendant’s attorney announces that lie […]
NON TARIFF BARRIER (NTB)
A set of measures aimed to restrict imports and does not include high import duties or tariffs.
NON TENENT INSIMUL
Lat. In pleading. A plea to an action in partition, by which the defendant denies that he and the plaintiff are joint tenants of the estate in question.
NON TENUIT
Lat. He did not hold. This is the name of a plea in bar in replevin, by which tlie plaintiff alleges that he did not hold in manner and form […]
NON USURPAVIT
Lat He has not usurped. A form of traverse, in an action or proceeding against one alleged to have usurped an office or franchise, denying the usurpation charged. See Com. […]
NON VALENTIA AGERE
Inability to sue. 5 Bell, App. Cas. 172. Non valet confirmatio , nisi ille, qui coniirmat, sit in possessione rei vel juris unde fieri debet confirmatio; et code in modo, […]
NON VALUE ADDED ACTIVITY
An activity whose removal will not affect a process as it usually generates a zero or negative return of investment on resources.
NON VALUE ADDING COST
time and monetary costs that increase the total cost of an activity without enhancing the value of the goods or services in the eyes of the customer
NON VESSEL OPERATING COMMON CARRIER (NVOCC)
A freight forwarder or shipment consolidator who does not have ownership of the vessel, but assumes responsibilities for the shipments and issuing its own bills of lading and airway bills.
NON VULT CONTENDERE
Lat. He (the defendant in a criminal case ) will not contest it. A plea legally equivalent to that of guilty, being a variation of the form ” nolo contendere […]
NON ZERO SUM GAME
The sum of winnings and losses of all player does not add up to zero and represents a possibility where everyone can win. In game theory, this refers to the […]
NON-ABILITY
Want of ability to do an act in law, as to sue. A plea founded upon such cause. Cowell.
NON-ACCEPTANCE
The refusal to accept anything.
NON-ACCRUAL LOAN
A loan that is considered to be nonperforming due to nonpayment of interest or the uncertainty regarding the collection of principal. For example, nonpayment of interest for 90 days deems […]
NON-ACT
A forbearance from action; the contrary to act.
NON-ACTIVE COMPANY
A company that is no longer trading, albeit on a temporary basis
NON-ADMISSION
The refusal of admission.
NON-ADMITTED INSURANCE
An out of state insurer that does not have to follow the states rules.
NON-ADMITTED INSURER
An insurer not allowed to sell insurance in the insurers state.
NON-AGE
Lack of requisite legal age. The condition of a person who is under twen- ty-one years of age, in some cases, and under fourteen or twelve in others; minority. Non […]
NON-AMORTIZED LOAN
Also referred to as interest only loan, it is an arrangement on a loan which requires the borrower to pay periodic installments to cover only the interest amount. The principal […]
NON-APPARENT EASEMENT
A non- continuous or discontinuous easement Fetters v. Humphreys, 18 N. J. Eq. 262. See EASEMENT.
NON-APPEARANCE
A failure of appearance ; the omission of the defendant to appear within the time limited.
NON-ASSESSABLE
holds only In the name or for the benefit of another, whose name he discloses by the plea, in order that the plaintiff may bring his action against such other. […]