glossary

  1. Glossary attachment
  2. Glossary attachment

Glossary attachment

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Negotiable
Negotiable

An asset that can be sold or transferred to another party for money or as settlement of an obligation. (2) A certificate that is transferable by delivery and in the case of a registered certificate has been endorsed and guaranteed.

Net Asset Value (NAV)
Net Asset Value (NAV)

The value of a mutual fund's holding less any liabilities. The NAV is calculated for most funds after the close of the exchanges and markets each day. It is calculated by taking the closing market value of all securities owned plus other assets such as cash, subtracting all liabilities and, then dividing by the total number of shares outstanding.

Nominee
Nominee

One designated to act for another in his or her place. For example a person (e.g.. bank official) or company (e.g.. investment dealer) into whose name securities or other properties are transferred by agreement of the beneficial owner.

Notary Public
Notary Public

A public officer whose function it is to administer oaths, to attest, certify and validate and give credit, by his/her hand as well as an official seal, that certain documents are authentic. Documents may include wills and contracts.

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