Financial Planning for Generation X & Y Women
 
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Glossary of Financial Terms

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Net Asset Value (NAV)
The price of a single share of a mutual fund.
Net Income
Amount of money remaining after income taxes, Social Security, Medicare, insurance (health, life disability, etc.), flexible spending plan contributions, retirement savings, and other items have been deducted. Also known as take-home pay.
Net Worth
Value determined by subtracting liabilities from assets.
No Load Fund
A mutual fund whose shares are sold without a commission or sales charge. The shares are distributed directly by the investment company.