Archives

• NET ASSET VALUE

  The per-share value of a mutual fund’s current holdings. The net asset value is calculated by dividing the net market value of the fund’s assets by the number of outstanding shares.

  Read More >
• MUTUAL FUND

  Combines money from many people and invests it in stocks, bonds or other assets, known as the fund’s portfolio. Investors own shares, which represent a part of these holdings. Market risk is involved when investing in mutual funds, including possible loss of principal.

  Read More >
• MARITAL DEDUCTION

  A provision of the tax codes that allows all assets of a deceased spouse to pass to the surviving spouse free of estate taxes. This provision is also referred to as the “unlimited marital deduction.” The marital deduction may not apply in the case of noncitizens.

  Read More >