Glossary N-words SR 13-35, 10/13 (MAM-A)

Net Earned Income — An individual’s monthly gross earned income minus all allowable employment-related disregards, if disregards are allowed. Also known as net monthly earned income.

Net Income — Gross income minus all allowable income disregards and deductions.

Nonliquid Asset — A resource which cannot be readily converted to cash, such as vehicles, buildings, or land.

Nonprofit Agency — An organization that Internal Revenue Service has determined to be tax-exempt.

Notice of decision (NOD) — A computer-generated or manually prepared form which advises individuals of the results of eligibility determinations, changes in the amount of assistance or level of eligibility, and any other changes required by policy.