Approximately 6,080 feet, used to measure sea and air navigational distances.
Legal Terms
Nautical Mile
Net Profit
Profit or income after all expenses have been deducted.
Net Rate
An unpublished, individually negotiated rate given by a supplier to a wholesaler or retailer, or by a wholesaler to a retailer for resale. This wholesale rate is usually marked up for resale to the client.
Net Remittance
The sum of a travel agency's total cash sales, less commissions, plus or minus net adjustments.
Networking
Communications, a system of sharing ideas, thoughts, criticisms for the betterment of the people involved.
No-show
When a client or guest does not arrive for services and fails to cancel the reservation.
Non-commissionable
Items which do not allow a commission to be deducted.
Non-refundable
Money cannot be refunded.
Nonstop
Transportation made without stops or interruptions.
Non-Natural Person
Means a juridical entity.
National Tourism Administrations (NTAs)
The central or federal government body with administrative responsibility for tourism at the highest level. The NTA prepares the national tourism policy in coordination with other policies, notably economic, social or environmental. The policy is developed in consultation with the representatives of professional trade associations and regional or local tourism representatives. The national tourism policy establishes the main objectives, strategies and actions required with the aim of preparing a general framework that is conducive to sustainable tourism development.
National Tourism Organizations (NTOs)
Autonomous body of public, semi-public or private status, established and recognized by the State as the body with competence at national level for promoting inbound tourism.
