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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Net Asset Value

In stocks and businesses, an expression of the underlying value of the company. That is, it is a statement of the value of the company's assets minus the value of its liabilities. One way of thinking about the net asset value is that it is the underlying value of a company, not the value dictated by the supply and demand of shares or its market capitalization. It is also called the book value.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Net asset value (NAV).

The NAV is the dollar value of one share of a fund. It's calculated by totaling the value of all the fund's holdings plus money awaiting investment, subtracting operating expenses, and dividing by the number of outstanding shares.

A fund's NAV changes regularly, though day-to-day variations are usually small.

The NAV is the price per share an open-end mutual fund pays when you redeem, or sell back, your shares. With no-load mutual funds, the NAV and the offering price, or what you pay to buy a share, are the same. With front-load funds, the offering price is the sum of the NAV and the sales charge per share and is sometimes known as the maximum offering price (MOP).

The NAV of an exchange traded fund (ETF) or a closed-end mutual fund may be higher or lower than the market price of a share of the fund. With an ETF, though, the difference is usually quite small because of a unique mechanism that allows institutional investors to buy or redeem large blocks of shares at the NAV with in-kind baskets of the fund's stocks.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
military navigation system, but soon opened it up to everybody else.
To back up its direction, Clarion has adopted the new tag line "Car Audio and Beyond" and the initial car multimedia products include two video systems, a voice-activated navigation system and a DIN-sized in-dash cellular phone.
The Car GPS Navigation System industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Car GPS Navigation System market size to maintain the average annual growth rate of 15 from XYZ million $ in 2014 to XYZ million $ in 2018, The analysts believe that in the next few years, Car GPS Navigation System market size will be further expanded, we expect that by 2023, The market size of the Car GPS Navigation System will reach XYZ million $.
Bentley, a subsidiary of Volkswagen AG (Xetra: VW), has said that its all-new Bentayga Plug-In Hybrid will be available with an intelligent navigation system.
M2 PHARMA-December 30, 2016-US Surgical Navigation Systems Market to Grow at a CAGR of 5.84% from 2016-2020, Research and Markets Predicts
University of Nevada, Reno computer science engineering team Kostas Bekris and Eelke Folmer presented and explained how a combination of human-computer interaction and motion-planning research was used to build a low-cost accessible navigation system, called Navatar, at two national conferences in the past two weeks.
Many have experienced turn-by-turn directions given by the navigation system and found it as a very useful tool to save time and increase efficiency.
Facing the increasing risk of thefts, senior officials of the Osaka and Aichi prefectural police forces visited a major carmaker and a navigation system manufacturer last year and urged them to adopt antitheft features, including displaying serial numbers on the systems' screens.
Option's new slim iCON USB modem reportedly fits perfectly into Pioneer's new car navigation system. The small, lightweight HSPA USB device is specifically developed and aimed at the automotive and navigation systems sector, the company said.
Northrop Grumman Corporation (NYSE: NOC) has released SeaFIND[TM] (Sea Fiber Optic Inertial Navigation with Data Distribution), a next generation maritime inertial navigation system succeeding the company's MK-39 Mod 3 and 4 series Inertial Navigation System product line.

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