Meaning of the word "net asset value" in English

What does "net asset value" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

net asset value

US /ˌnet ˈæs.et ˌvæl.juː/
UK /ˌnet ˈæs.et ˌvæl.juː/
"net asset value" picture

Noun

1.

the value of an entity's assets less the value of its liabilities, often used in the context of mutual funds or investment companies

Example:
The mutual fund's net asset value increased significantly last quarter.
Investors often look at net asset value to assess the performance of a fund.
Synonym:
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