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LSDefine

Simple English definitions for legal terms

net asset value

Read a random definition: National Capital Planning Commission

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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18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
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
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