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LSDefine

Simple English definitions for legal terms

net asset value

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A quick definition of net asset value:

Net Asset Value: The value of a share in a mutual fund, which is calculated by subtracting the fund's liabilities from its total assets and dividing the result by the number of outstanding shares. It tells you how much each share is worth.

A more thorough explanation:

Net asset value (NAV) is the market value of a share in a mutual fund. It is calculated by subtracting any liabilities of the fund from its total assets and dividing the difference by the number of outstanding fund shares. NAV is also known as asset value.

  • Bond fund: A mutual fund that invests primarily in specialized corporate bonds or municipal bonds.
  • Income fund: A mutual fund that typically invests in securities that consistently produce a steady income, such as bonds or dividend-paying stocks.
  • Index fund: A mutual fund that invests in the stock of companies constituting a specific market index, such as Standard & Poor's 500 stocks, and thereby tracks the stock average.
  • Money-market fund: A mutual fund that invests in low-risk government securities and short-term notes.
  • No-load fund: A mutual fund that does not charge any sales commission (although it may charge fees to cover operating costs).

These examples illustrate how mutual funds can have different investment strategies and goals. For example, bond funds invest in bonds, income funds focus on generating income, index funds track a specific market index, money-market funds invest in low-risk securities, and no-load funds do not charge sales commissions. The NAV of each mutual fund reflects the value of its underlying assets and liabilities.

net assets | net balance

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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