Propertyware Knowledge Base

All 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Word Description
Net Operating Income Also called net annual income; the amount of income left from an income producing property after operating expenses have been deducted excluding financing, extraordinary expenses, and taxes.
Non-Sufficient Funds (NSF) In the US banking industry, the term "non-sufficient funds" (NSF) is used to indicate that a demand for payment (a check) cannot be honored because insufficient funds are available in the account on which the instrument was drawn. In simplified terms, a check has been presented for clearance, but the amount written on the check exceeds the available balance in the account. It is often colloquially referred to as a bad check, a "bounced" check, or a returned check.