“Represents the net value of an entity, and is calculated as the total value of the entity’s assets minus the total value of its liabilities.
Usually used in connection with collective investment schemes to mean net asset value per share. A collective investment scheme computes its assets by totalling the market value of all securities owned. All expenses are deducted, and the balance divided by the number of units held by the fund’s investors. The resulting figure is the net asset value per unit. “
