Princeton Financial Glossary - N

Necessary

Minimum purchase or service required to achieve a particular business objective.

Net Pay

That part of an employee's wages that remains after all deductions have been subtracted (taxes, health insurance, benefits, etc.) Also known as take home pay.

New Supplier

A new supplier is one who has been approved to do business with the University and has provided all of the necessary information as required by University, state and federal regulations.

Non-cash Fringe Benefits

Benefits provided to employees in some form other than cash (i.e., company care, health or life insurance, parking). They may be taxable or nontaxable.

Non-exempt Employee

Employees who are covered by the minimum wage and overtime provisions of the Fair Labor Standards Act. They may be paid on an hourly or salary basis.

Non-government Sponsored Funds (Fund 40)

A grant or contract project grant fund from a non-government source, on which the donor has placed restrictions on its use.

Non-qualified Plan

In the context of employee benefits, an employer plan that does not meet IRS qualification requirements.

Non-resident Alien

An individual from a foreign country who does not pass either the "green card" or "substantial presence" residency test for tax purposes.

Notation

Written or typed information that is required on the receipt, expense reimbursement form, or other document.


 

CONTACT US

finance@princeton.edu
Tel (609) 258-3080
Fax (609) 258-0442

Princeton University
Office of Finance & Treasury
701 Carnegie Center
Princeton, NJ 08540

Google Map
Princeton Shuttle

FINANCIAL SERVICE CENTER

7 New South
Tel (609) 258-3080
Fax (609) 258-5040
Open Monday through Friday,
8:45 am — 5:00 pm

SERVICES INCLUDE

Customer service, cashiering,
check pick-up, financial system access

FINANCE NEWSLETTER

The General Ledger is your link to updates on people, policies, and other information related to financial transactions at the University.

Download Current Issue
Download Past Issues
Subscribe

WE WANT YOUR FEEDBACK!

How can we better serve you? Submit comments, questions, and ideas to our customer service department.

finance@princeton.edu