net assets
noun[plural]
ACCOUNTING,FINANCEukus(alsonet worth);(alsoowner's equity);(alsoshareholders' equity);(alsoshareholders' funds)thetotalvalueof a person's or company'sassetsaftertheirtotaldebthas beensubtracted:
Each Fund mayinvestup to 20% ofitsnetassetsin highyield, highriskfixed-income securities.