Glossary of Accounting, Financial & Investing Information - N
A B C D E F G H-I J-K-L M N O P Q-R S T U-V-W-X-Y-Z
Naked call optionSee covered vs. uncovered (naked) call.
Naked put optionSee covered vs. uncovered (naked) put.
Net Asset Value (NAV)
The net asset value of an investment company is its total assets less its total liabilities. Mutual funds and unit investment trusts (UITs) normally calculate their NAV at the close of each business day, and then all buy and sell orders are processed at the NAV. The NAV for a closed-end fund need not be calculated daily, because its shares trade at market value, not at NAV.
Total assets less total liabilities, which equals owners' equity.
Net capital gainSee capital gain or loss.
The part of income remaining after all expenses and taxes have been paid. Also called net profit.
Net tangible assetsNet assets less intangible assets.
No par value
When shares of a corporation have no stated face value, they are said to be no par value shares.
This type of mutual fund does not charge sales commissions, but trailer fees are paid annually by the fund to the advisor, broker or dealer where you hold your funds. A no-load fund may have a higher management expense ratio (MER), to make up for the lack of sales charges. See also front-end load fund and back-end load fund.
Nominal interest rateSee interest rates.
A non-cumulative preferred dividend does not accrue or accumulate if unpaid.
A noncapital asset is property that is not a capital asset. This includes:
Revised: October 12, 2021
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