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Financial Glossary - N
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Net Asset Value - The market value of a mutual fund's total assets, after deducting fund liabilities, divided by the number of shares outstanding. NAV is the price per share of a fund.
Net Income - The amount of money that a worker receives in a paycheck after items such as income taxes, Social Security (FICA) tax, retirement plan savings, union dues, and other items have been deducted.
Net Worth - A snapshot of your financial situation calculated by subtracting liabilities from assets. All figures in a net worth statement reflect their current fair market value.
New York Stock Exchange (NYSE) - Located on Wall Street in New York City, the largest and oldest stock exchange in the U.S. that trades the stock of established companies that meet its stringent listing requirements.
No-Load Fund - A mutual fund that requires no up-front or marketing fees to purchase shares.
Updated:E.J.B.