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Explain how integral antilock brake systems provide brake assist.
12b-1 Fee
A fee that mutual funds may charge for marketing, distribution, and service expenses, expressed as a percentage of assets under management.
Net Asset Value
The value per share of a fund, calculated by dividing the total value of the fund's assets minus its liabilities by the number of shares outstanding.
Year-End Assets
These are the total value of all assets that a company or individual owns at the end of the fiscal year.
Liabilities
Financial obligations or debts owed by a business to creditors, which must be paid back at some point in the future.
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