a mutual fund’s single share or unit value. Calculated as: (the fund’s total assets minus the fund’s total liabilities) divided by the number of outstanding shares. Also known as Average Price.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
a mutual fund’s single share or unit value. Calculated as: (the fund’s total assets minus the fund’s total liabilities) divided by the number of outstanding shares. Also known as Average Price.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.