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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 exceptionally desirable. One syllable names are used by established brands like Path, Ford and Dell.
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 desirable top-level-domain in the world, famously used by websites like google.com. When you own a dot-com, it is much easier to rank for your own name in search engines.