SourceOne Stock Info  Your one source site for stock research

 

Glossary of Investment Terms

 

N

 

Naked Option

 

An option for which the buyer or seller has no underlying security position. Involves very high risk.

 

 

 

National Association of Securities Dealers (NASD)

 

Non-profit organization formed under the joint sponsorship of the Investment Banker's Conference and the SEC to comply with the Maloney Act. The NASD's fundamental purposes are to 1) standardize practices in the field, 2) establish high moral and ethical standards in the securities business, 3) provide a representative body to consult with the government and investors on matters of common interest, 4) establish and enforce fair and equitable rules of securities trading and 5) establish a disciplinary body capable of enforcing the above mentioned provisions.

 

 

 

Net Asset Value (NAV)

 

The per share value of a mutual fund found by subtracting the fund's liabilities from its assets and dividing by the number of shares outstanding. Mutual Funds calculate their NAV's at least once a day.

 

 

 

Net Worth

 

Amount by which assets exceed liabilities (debt).

 

 

 

New York Stock Exchange (NYSE)

 

The oldest and largest stock exchange in the United States. An unincorporated association governed by a board of directors, which is headed by a full-time chairman and is comprised of 24 individuals representing the public and the exchange membership in roughly equal portion. Trading hours are between 9:30 a.m. and 4:00 p.m. EST, Monday through Friday, excluding market holidays.

 

 

 

No-Load

 

A mutual fund offered by an open-end investment company that imposes no sales charge (load).

 

 

 

Search for glossary terms alphabetically:

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