N

The sum of all property owned at death by the decedent less (or net of) liabilities or debts. … [Read more...] about NET ESTATE

Latin, meaning No one is presumed to be forgetful of his eternal welfare, and particularly in the hour of death. … [Read more...] about NEMO PRAESUMITUR ESSE IMMEMOR SUAE AETERNAE SALUTIS ET MAXIME IN ARTICULO MORTIS

Gross income less allowable expenses. … [Read more...] about NET INCOME

Latin, meaning No one is forbidden to make use of several defences. … [Read more...] about NEMO PROHIBETUR PLURIBUS DEFENSIONIBUS UTI

Lease for commercial real estate lease where the tenant pays for the space (as with a gross lease) and also part of the operating costs of the landlord. See also a triple net lease where the tenant pays the landlord's costs of the following three items: taxes, maintenance and insurance. Such a net lease favors the landlord because these items general never decrease, only … [Read more...] about NET LEASE