The Letter N

Net Asset Value (NAV)-this term is used for mutual funds. The NAV is the market value of a fund share. This is calculated every day (the market is open) by dividing the total assets of the fund by the number of shares outstanding.

Net Worth-the difference between a person's or family's total assets and total liabilities.

New York share-like an ADR but unique to companies from the Netherlands.

No-load fund-a mutual fund whose shares are sold without a sales charge added to the net asset value.

Updated 1/14/01