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 just one syllable. Mono-syllable names are exceptionally rare and exceptionally desirable. Leading companies using one syllable names include Nike, Shell and Chase.
This domain was first registered in February 1999. Older domains have an advantage when ranking in search engines.
Nort.com is a dot-com domain. Dot com domains are the most sought after top-level-domain in the world, famously used by websites like facebook.com. Owning a dot-com says that you own the word "nort" online.