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| National Association of Security Dealers Automated Quotations |
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| The over-the-counter stock market system operating in the USA. Trading is executed through a computer network connecting market makers who make markets in companies traded on this electronic stock exchange. It is the largest stock market in the world when defined in terms of number of companies quoted or number of market makers. |
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| Net Asset Value |
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| The value of a fund or company based on its assets minus its liabilities. In mutual funds, NAV represents the price at which investors can redeem their shares. It is calculated by dividing the net value by the number of outstanding shares. |
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| Network |
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| In information technology - a series of points or nodes interconnected by communication paths. Networks can interconnect with other networks and contain subnetworks. |
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| Networking |
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| In information technology - the construction, design, and use of network, including the physical (cabling, hub, bridge, switch, router, etc), the selection and use of telecommunication protocol and computer software for using and managing the network, and the establishment of operation policies and procedures related to the network. |
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| New Issue |
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| The offer to the public, via a prospectus, of shares or loan capital in a company. In the case of share capital, this may take the form of as yet unissued shares or of issued shares made available by existing shareholders (usually to enable an unlisted company to acquire a listing). |
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