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Acronym for “new economic policy.” Introduced by Lenin in 1921 as an attempt to save an economy ravaged by the civil war. The NEP was a form of “capitalism light” in which the government maintained control over large industries, but private wages and trading on a small scale were allowed. In many ways the NEP was an insult to the communistic ideals of the revolution and was extremely controversial.
The NEP increased the russian GDP between 1921 and 1928.
by tzanth April 07, 2005
(nehp) noun. origin: Central Florida. Def: A black person that acts preppy. Usually a girl. Usually mixed and has mostly white friends. It is a mixture of the word nigger and prep. nigger prep aka nep.
You wouldnt think nep would be fun to say but when you actually start to say it, it sticks and just rolls off the tongue. The person you are calling a nep shouldnt know what a nep is . Well they can, but its more fun if they dont.

Common facts about the nep:
Neps can talk so much trash but call a nep a nigger and it is game over for you.
Neps usually always get their way.
Neps are usually 10-15.
Neps are snobby and whiney.
by cornycorncorn September 09, 2008
Nop + Yep
Bob: Wow Jeccas such a whore.
Glen: nep
by rob January 13, 2004
a japaneese person
that nep just shot me
by Caral June 21, 2003
A common abreviation for "Night Elf Porn"
dood i was dlin' this kewl nep off of kazaa yesterday
by Jewb February 28, 2004