SMALL BUSINESS GLOSSARY

Negative Amortization

Net Operating Income (NOI)

Net Worth

Net-Net Lease (NN)

Non-Recourse

Notice Of Default (NOD)

To initiate a non-judicial foreclosure proceeding involving a public sale of the real property securing the deed of trust. The trustee under the deed of trust records a Notice of Default and Election to Sell ("NOD") the real property collateral in the public records.