Financial terms beginning with N
6 terms in our plain-English finance glossary starting with the letter N.
- Named Driver
An extra person listed on a car policy who is allowed to drive the insured car.
- Negative Equity
When your mortgage is bigger than your home is currently worth.
- New-for-Old
Cover that replaces items with brand-new equivalents, ignoring wear and tear.
- No Claims Discount — NCD
A premium discount you earn for each year you insure without claiming.
- Notice Account
A savings account that requires advance notice before you can withdraw your money.
- Notice of Correction
A short explanation you can add to your credit file for lenders to read.
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