
Net asset value (NAV) In mutual funds, the market value of the
fund share. It is common practice for an investment trust to
compute its assets daily, or even twice a day, by totalling the closing
market value of all securities and assets (i.e. cash) owned. All
liabilities are deducted, and the balance is divided by the number of
shares outstanding. The resulting figure is the net asset value per
share.
Net present value (NPV) The net total of several present values
(arising from cashflows at different future dates) added together,
some of which may be positive and some negative.
Nil paid rights price Ex-rights price less the subscription price.
Nominal ...