Glossary
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- Net Asset Value (NAV)
The NAV, also known as the share price of a mutual fund, is the market value of an asset minus the liabilities, divided by the number of shares outstanding.
- Non-Qualified Distribution
A non-qualified distribution is a 529 plan distribution that was used to pay for non-qualified expenses, such as distributions that are not used to pay for college. Such distributions are subject to taxation on any earnings distributed plus a 10% tax penalty.
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