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LSDefine

Simple English definitions for legal terms

NAV

Read a random definition: public fund

A quick definition of NAV:

Term: NAV

Definition: NAV stands for Net Asset Value. It is a measure of the value of a mutual fund or exchange-traded fund (ETF). It tells you how much each share of the fund is worth. NAV is calculated by subtracting the fund's liabilities from its assets and dividing the result by the number of shares outstanding. In simple terms, NAV is like the price of a share in a fund.

A more thorough explanation:

Term: NAV

Definition: NAV stands for Net Asset Value. It is the value of a mutual fund's assets minus its liabilities, divided by the number of shares outstanding. It represents the price per share of the mutual fund.

Example: If a mutual fund has assets worth $100 million and liabilities worth $10 million, and there are 5 million shares outstanding, the NAV would be $18 ($90 million divided by 5 million shares).

Explanation: The NAV is an important metric for investors as it helps them understand the value of their investment in a mutual fund. It is calculated daily and represents the price per share of the mutual fund. If the NAV increases, it means the value of the mutual fund has gone up, and vice versa.

nauticum fenus | navagium

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General

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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