NET ASSET VALUE (NAV)
\nˈɛt ˈasɛt vˈaljuː nˈav], \nˈɛt ˈasɛt vˈaljuː nˈav], \n_ˈɛ_t ˈa_s_ɛ_t v_ˈa_l_j_uː__ n_ˈa_v]\
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At the financial market's close the mutual fund's share or unit's daily computed value. Also known as bid price, NAV per share, or NAV per unit. Calculated as: (each security's market value in the fund's portfolio added to all other assets minus all liabilities) divided by the number of outstanding shares or units.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).