We investigate the ferrimagnetism and ferroelectricity of bulk NiFe2O4 with tetragonal P 4122 symmetry by means of density functional calculations using generalized gradient approximation + Hubbard U approach. Special attention is paid to finding the most energetically favorable configuration on magnetic ordering and further calculating the reliable spontaneous electric polarization. With the fully optimized crystalline structure of the most stable configuration, the spontaneous polarization is obtained to be 23 µC/cm 2 along the z direction, which originates from the hybridization between the 3d states of the Fe 3+ cation and the 2p states of oxygen induced by Jahn-Teller effect.PACS numbers: 41.20. Gz, 75.85.+t,Magnetic ferroelectrics that possess ferroelectricity together with some form of magnetic order like ferromagnetic, antiferromagnetic, or ferrimagnetic property in the same crystalline phase have attracted much interest due to their fundamental physics and a great promise for applications in future information technology [2][3][4][5][6][7][8]. In particular, improper multiferroics in which a ferroelectric polarization is induced by electronic correlation effects such as non-centrosymmetric spin, charge, and orbital ordering, is currently under intensive study [9][10][11][12]. This is related to the suggestion that a magneto-electric (ME) coupling in improper multiferroics is expected to be stronger than in proper case, because both dipolar and magnetic orderings share the same physical origin and occur at the same temperature [9].In the early days of searching improper multiferroics, spin ordering was accepted to be a main driving force for the manifestation of ferroelectric polarization; examples include rare earth manganites RMnO 3 [13][14][15][16] [10] are typical compounds belonged to this materials class. These materials have weak ferromagnetism and thus a significant ME coupling is expected. Despite the great progress in the field of improper multiferroics, the effort to find new mechanism and design new materials is being continued.In this letter, we present that spinel-type nickel ferrite NiFe 2 O 4 (NFO) is a promising candidate for improper multiferroics with finite magnetization and considerably large polarization, based on the first-principles density functional theory (DFT) calculations. In fact, spinels exhibit several unusual features including magnetoelectricity and multiferroicity [9]. From the experiment, it was established that the bulk NFO shows soft ferrimagnetic ordering below relatively high transition temperature of 850 K with a magnetization of 2 µ B per formula unit (f.u.) [30]. In the recent experiment [31], moreover, high dielectric permitivity was observed in NFO nanoparticles to be ranged from 60 to 600 at different frequencies and temperatures. This is comparable with the conventional ferroelectrics and therefore implies the presence of spontaneous polarization in the bulk NFO. However, the ferroelectricity of bulk NFO has neither been calculated nor measured yet, though ...