Banking & Finance Glossary—N
Banking & Finance Glossary—N

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • Banking & Finance Glossary—N
  • Naked credit default swap
  • Net asset value
  • Newco
  • Lexis®PSL resources
  • Non-call period
  • Non-recourse loan
  • Negative pledge
  • Negotiable instrument
  • Notional amount

Naked credit default swap

A credit default swap which is purely speculative and on which neither party owns the reference entity

Net asset value

The value of an entity’s assets less the value of its liabilities—shortened to 'NAV'


In an acquisition finance transaction, the special purpose vehicle incorporated to make the acquisition and, typically, to borrow the majority of the debt.

Lexis®PSL resourc

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