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Topic: Finance

nonrated

IPA: /nɒnˈreɪtɪd/

KK: /nɑnˈreɪtɪd/

adjective

Definition: This term describes something that has not been evaluated or given a score.

Example: The movie was released as nonrated, meaning it did not receive a formal rating from the classification board.

nonreceipt

IPA: /nɒnˈriːsɪt/

KK: /nɑnˈrisit/

noun

Definition: The situation where something is not received, especially a document or payment that was expected.

Example: The nonreceipt of the payment caused delays in the project.

nonrecourse

IPA: /nɒnˈriːkɔːs/

KK: /nɑnˈriːkɔrs/

adjective

Definition: Referring to a type of agreement where the lender cannot claim the borrower's assets beyond certain limits if the borrower fails to repay.

Example: In a nonrecourse loan, the bank can only take the collateral specified in the contract, not any other assets of the borrower.

nonrecurrent

IPA: /nɒnˈrɪkənt/

KK: /nɑnˈrɪkərnt/

adjective

Definition: Describing something that does not happen again or is not repeated.

Example: The nonrecurrent events in the project made it unique and memorable.

nonrecurring

IPA: /nɒnˈriːkərɪŋ/

KK: /nɑnˈriːkərɪŋ/

adjective

Definition: This word describes something that happens only once and is not expected to happen again.

Example: The company made a nonrecurring profit this quarter due to a one-time sale.

nonrefundable

IPA: /nɒnˈrɪfʌndəbl/

KK: /nɑnˈrɪfʌndəbl/

adjective

Definition: This word describes something that cannot be returned for a refund or is not eligible to get money back after a purchase.

Example: The ticket I bought is nonrefundable, so I can't get my money back if I change my plans.

nonrenewal

IPA: /nɒnˈriːnjuːəl/

KK: /nɑnˈriːnuːəl/

noun

Definition: The act of not renewing something, such as a contract or agreement.

Example: The nonrenewal of the lease left the tenants searching for a new place to live.

nonrepayable

IPA: /nɒnˈrɛpeɪəbl/

KK: /nɑnˈrɛpeɪəbl/

adjective

Definition: This word describes something that cannot be paid back or returned, often referring to loans or financial assistance that does not need to be repaid.

Example: The grant was nonrepayable, meaning the students did not have to pay it back after graduation.

nonresident

IPA: //nɒnˈrɛzɪdənt//

KK: /nɑnˈrɛzɪdənt/

adjective

Definition: Not living in a specific location or area, often referring to people who do not reside permanently in a place.

Example: The nonresident students travel to campus every day for their classes.

nonresidential

IPA: /nɒnˈrɛzɪˌdɛnʃəl/

KK: /nɑnˈrɛzɪˌdɛnʃəl/

adjective

Definition: This term describes a type of building or property that is not intended for living in, often used for business or commercial activities.

Example: The city is planning to build a nonresidential complex that will house offices and retail stores.

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