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It can be used by a variety of businesses in different industry sectors. The name plays on the word "north".
The word "Nort" contains only four characters and only one syllable. Single-syllable names are very rare and very desirable. One syllable names are used by established brands like Chase, Nike and Shell.
This domain was first registered in February 1999. Older domains have an advantage when ranking in search engines.
Nort.com is a .com domain. Dot com domains are the most valued domain extension in the world, famously used by websites like twitter.com. Owning a .com says that you own the word "Nort" online.