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Meaning / Definition of

Hand

Categories: Banking,

nounthe part of the body at the end of each armUsageto shake handsto hold someone's hand when meeting to show you are pleased to meet them, or to show that an agreement has been reached ExampleThe two negotiating teams shook hands and sat down at the conference table.Usageto shake hands on a dealto shake hands to show that a deal has been agreedUsageby handusing the hands, not a machine ExampleThese shoes are made by hand.Usageto send a letter by handto ask someone to carry and deliver a letter personally, not sending it through the postUsagein handkept in reserve Examplewe have £10,000 in handUsagebalance in handcash in handcash held to pay small debts and running costsUsagework in handwork which is in progress but not finishedUsagegoods left on handunsold goods left with the retailer or manufacturer ExampleThey were left with half the stock on their hands.Usageto handhere or presentUsageI have the invoice to handI have the invoice in front of meUsageto change handsto be sold to a new owner ExampleThe shop changed hands for £100,000.Usagein witness whereof, I set my handI sign as a witness

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Definition / Meaning of

Net Asset Value (NAV)

Categories: Finance,

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 waiting 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.

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