NATIONAL NOTARY ASSOCIATION >> An association that sends out necessary application materials and supplies to initiate one?s notary commission.

NEGATIVE AMORTIZATION >> Amortization means that monthly payments are large enough to pay the interest and reduce the principal on a mortgage loan by its maturity date. Negative amortization occurs when the monthly payments do not cover all of the interest cost. The interest cost that isn?t covered is added to the unpaid principal balance. This means even after making many payments, a borrower may owe more than was owed at the beginning of the loan.

NET DISPOSABLE INCOME >> Money left after subtracting the principal, interest, taxes and insurance and all other obligations from the monthly net income. The surplus amount the borrower has available for living expenses after housing expenses are subtracted.

NET INCOME >> The difference between adjusted gross income and operating expenses. May or may not include depreciation.

NET RENTAL INCOME >> The monthly gross rental income minus the monthly mortgage payments, insurance, maintenance, taxes and other miscellaneous payments.

NET WORTH >> The difference between total assets and total liabilities of an individual, corporation, etc.

NON-CONFORMING USE >> A property that doesn?t conform to the present zoning of the area it?s in.