Dictionary of Procurement Terms

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Search Results: 31-40 of 82 results for “N”

  • Net Cash

    Payment for goods sold, to be made within a rather short period with no deduction allowed from the invoice price.

  • Net Income

    The total profit (or loss) after all expenses including taxes have been deducted from revenue; also called net earnings. (Schiller, 2000)

  • Net Investment

    Gross investment less depreciation. (Schiller, 2000)

  • Net Lease

    A lease that requires the lessee to pay for things that the owner usually pays for. (Business, 2002)

  • Net Present Value (NPV)

    The total present value (PV) of a time series of cash flows. It is a standard method for using the time value of money to appraise long-term projects. Used for capital budgeting, and widely throughout economics, it measures the excess or shortfall of cash flows, in present value terms, once financing charges are met. In short, it is today’'s value of future cost and benefits.

  • Net Price

    Price after all discounts, rebates, etc., have been allowed.

  • Net Proceeds

    CANADIAN The amount received for the disposal of a material asset after subtracting the costs associated with completing the disposal action.

  • Net Stock Position

    CANADIAN The current on-hand balance of inventory.

  • Net Weight

    The actual weight of the contents of a container or the cargo of a vehicle.

  • Net Worth

    The amount stated on a company’s balance sheet when liabilities are subtracted from assets. This amount provides a rough appraisal of the amount of money a company has retained in its business, and thus gives an indication of the financial capability of the company. It is used in making the determination of whether the company is a responsible contractor. (Nash et al., 2007)