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Business Glossary Terms - N

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Find below a glossary of terms and definitions that begin with the letter N as it relates to business definitions.

Term Description
NAICS North American Industry Classification System is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.
Native Hawaiian or Other Pacific Islander A person having origins in any of the original peoples of Hawaii, Guam, Samoa, or other Pacific Islands.
NCES The National Center for Education Statistics (NCES) is the part of the United States Department of Education's Institute of Education Services (IES) that collects, analyzes, and publishes statistics on education and public school district finance information in the United States.
Net Cost of Attendance This is the sum of the family’s contribution from income and assets and a “self-help” amount contributed separately by the student. Self-help consists of student loans and academic year work.
Net Price The Higher Education Opportunity Act of 2008 defines institutional net price as "the average yearly price actually charged to first-time, full-time undergraduate students receiving student aid at an institution of higher education after deducting such aid." In IPEDS, average institutional net price is generated by subtracting the average amount of federal, state/local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state for public institutions), books and supplies, and the weighted average for room and board and other expenses. Cost of attendance data are collected in the Institutional Characteristics (IC) component of IPEDS, and financial aid data are collected in the Student Financial Aid (SFA) component of IPEDS.
New Hires Persons who were hired for full-time permanent employment either for the first time (new to the institution) or after a break in service between November 1, 2015 and October 31, 2016. Does not include persons who have returned from sabbatical leave OR full-time Postsecondary Staff who are working less-than-9-month contracts.
Non-Degree-seeking student A student enrolled in courses for credit who is not recognized by the institution as seeking a degree or formal award.
Nonresident Alien A person who is not a citizen or national of the United States and who is in this country on a visa or temporary basis and does not have the right to remain indefinitely.
Non-Resident Domestic Nonresident students who come from outside California but within the United States to attend a UC campus. Undergraduate nonresident applicants have different eligibility requirements (a minimum 3.4 GPA and a different Eligibility Index.) Most graduate students who are U.S. Citizens or Permanent Residents can establish residency for tuition purposes after one year. Foreign nationals and most undergraduate students cannot. Nonresident students pay an additional out-of-state tuition fee. Academic graduate students who have advanced to candidacy are not required to pay nonresident tuition. Professional students have higher fees based on their program.
Non-Resident International Nonresident students who come from outside the United States to attend a UC campus. They must meet higher admissions criteria and pay Non-resident Supplemental Tuition in addition to in-state charges.
Non-UC Graduation Rate The proportion of students in an entry cohort who transferred to a non-UC institution and finished their degrees within six years, including years at UC. 
NSF National Science Foundation. It is a United States government agency that supports fundamental research and education in all the non-medical fields of science and engineering.