Glossary

1 5 A B C D E F G H I L M N P Q R S T U W Y
1 5 A B C D E F G H I L M N P Q R S T U W Y

N

  • 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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