Glossary
Glossary - N
NAV
See Net Asset Value
Net Asset Value
The market value of a mutual fund share. This is the price at which shares of a mutual fund are bought or sold. Net Asset Value is determined by subtracting the fund’s liabilities from the fund’s assets and dividing the result by the total number of shares outstanding.
Network
A contracted group of physicians, hospitals and ancillary providers that offer healthcare services to members.
Non-qualified Distributions
Distributions that do not qualify as reimbursable medical expenses.
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