Net Asset Value (NAV)
German: Nettoinventarwert (NAV)
The value of a fund assets less liabilities per unit, determined by the administrator under a valuation policy, which is distinct from the market price of a token representing that unit.
Readers reconciling an on-chain price feed with an official NAV, usually for accounting, collateral eligibility or performance reporting.
Nettoinventarwert (NAV) — Der Wert des Fondsvermögens abzüglich Verbindlichkeiten je Anteil, ermittelt von der Administration nach einer Bewertungsrichtlinie und zu unterscheiden vom Marktpreis eines darauf lautenden Tokens.
Related terms
Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.