The Retirement Corporation of America


Glossary


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Net Asset Value

The price at which a mutual fund sells or redeems its shares. The net asset value is calculated by dividing the net market value of the fund's assets by the number of outstanding shares.

Net Worth

The 'net worth' is the value of all your assets - less all of your liabilities. Net worth may be expressed as a dollar amount, or as a percentage of either assets or liabilities.