Daily One Banking Term : ( 28 Sep 2017 )

 ■ Mutual Fund: A company that invests in and professionally manages a diversified portfolio of securities and sells shares of the portfolio to investors.

 ■  NABARD: National Bank for Agriculture & Rural Development was setup in 1982 under the Act of 1981. NABARD finances and regulates rural financing and also is responsible for development agriculture and rural industries.

 ■ Negotiation: In the context of banking, negotiation means an act of transferring or assigning a money instrument from one person to another person in the course of business.

■ Net Asset Value: The underlying value of a share of stock in a particular mutual fund; also used with preferred stock.