Narrow Market
An inactive market, which displays large fluctuations in prices due to a low volume of trading.
NASD (National Association of Securities Dealers)
The NASD is an industry organization that regulates the behavior of member securities dealers. In addition, it owns and operates Nasdaq, the automated quotation system for over-the-counter trading. The NASD derives its authority from the federal government, and every securities dealer in the country is required by law to be a member.
NASDAQ (National Association of Securities Dealers Automated Quotations System)
The electronic stock exchange run by the National Association of Securities Dealers for over-the-counter trading. Established in 1971, it is America's fastest growing stock market and a leader in trading foreign securities and technology shares as well. It boasts many more listed companies than the New York Stock Exchange, and handles more than half the stock trading that occurs in this country.
National Association of Investors Corporation NAIC
Also known as the National Association of Investment Clubs.
Necessary Margin
Necessary pledge for opening a position.