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| | | | 1. | NAV | (Net Asset Value) A term used to describe the value of an entity's assets less the value of its liabilities. The term is commonly used in relation to collective investment schemes. However, while the above definition is simple, there are many different types of entity, and different ways of measuring the value of assets and liabilities. In the context of collective investments (mutual funds), net asset value is the total value of the fund's portfolio less liabilities. The NAV is usually | | 2. | NPL | (Non-Performing Loan) A loan that is in default or close to being in default. Many loans become non-performing after being in default for 3 months, but this can depend on the contract terms. “A loan is nonperforming when payments of interest and principal are past due by 90 days or more, or at least 90 days of interest payments have been capitalized, refinanced or delayed by agreement, or payments are less than 90 days overdue, but there are other good reasons to doubt that payments will be | | 3. | NPV | (Net Present Value) A valuation method based on discounted cash flows. NPV is calculated by discounting of a series of future cash flows, and summing the discounted amounts and the initial investment (a negative amount). | |
