NEGLIGENCE

The omission of or failure to use reasonable precaution, care, or action.

NEGOTIABLE

Capable of being legally transferred by endorsement from one person to another, such endorsement carrying with it, without written provisions, implications of certain contractual obligations.

NET LISTING

The listing, with a broker, of real estate for sale for a specified price, net to the seller, exclusive of commission and closing costs.

NOTE

See Promissory Note.