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NASD - The National Association of Securities Dealers; also see Nasdaq. (www.nasd.com)

NASDAQ - National Association of Securities Dealers Automated Quotations system. A system, owned and operated by the National Association of Securities Dealers, which reports trading of over the counter and selected NYSE stocks. (www.nasdaq.com/)

NASDAQ BANKING - This index includes about 350 banks and bank-related companies such as check-cashing agencies and safe deposit companies.

NASDAQ COMPOSITE - This broad-based index measures the performance of the Nasdaq Stock Market. It tracks more than 5,000 companies and is considered a gauge of how technology stocks are faring.

NASDAQ COMPUTER - This index includes about 560 computer hardware and software companies along with companies that make computers, office equipment and electronic components.

NASDAQ FINANCIAL SERVICES - This index consists of the 100 largest financial organizations listed on the Nasdaq.

NATIONAL MARKETS SYSTEM (NMS) - Created in 1975 by the SEC because Congress wanted a way to foster competition between exchanges to better benefit customers. The Intermarket Trading System is part of the NMS. NAV - see

NCMX - see NEW YORK COMMODITIES EXCHANGE

NDOE - Nasdaq Options

NET ASSET VALUE - The price of a single share in a fund. Calculated by dividing the total net assets in the fund by the number of shares.

NET INCOME - The amount left over after a company deducts costs and expenses from revenue. Also known as net earnings, net income may be expressed as a total number, or on a per-share basis, which is found by dividing the total net income by the number of shares of common stock outstanding.

NEW YORK BOARD OF TRADE (NYBOT) - parent company of the Coffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges and their subsidiaries and divisions, including the New York Futures Exchange (NYFE), FINEX, and Citrus Associates, NYBOT offers a wide variety of agricultural, currency and index products.

NEW YORK COMMODITIES EXCHANGE (CMX) - Also known as the Comex. Trades precious metals, copper and financial indexes.

NEW YORK MERCANTILE EXCHANGE (NMER) - Trades petroleum, natural gas and precious metals. (www.nymex.com)

NEW YORK STOCK EXCHANGE (NYSE) - The oldest and largest exchange in the U.S. (www.nyse.com)

NMS - see NATIONAL MARKETS SYSTEM

NO-LOAD FUND (NL) - A fund without a sales charge.

NOTE - A certificate issued by a corporation or government stating the amount of a loan, the interest to be paid and the collateral pledged in the event payment cannot be made. The date for repayment is generally more than a year after issue but not more than seven or eight years later. The shorter interval for repayment is the principal difference between a note and a bond.

NQBD - Nasdaq Bonds (over the counter)

NYBD - New York Stock Exchange Bonds

NYOE - New York Stock Exchange Options.