Glossary
Indicative NAV
Indicative NAV is an estimated intraday value of a fund's underlying holdings, often used as a reference for ETF pricing.
Plain-English meaning
In this game, Indicative NAV is used as a vocabulary card for recognizing how market and technology concepts fit together. The short idea is: estimated intraday fund value.
The term is not shown as a recommendation. It is included so players can learn the language they may see in exchange interfaces, wallet prompts, research notes, AI product pages, or on-chain analytics dashboards.
Why it belongs with ETF Creation Mechanics
These terms explain how exchange-traded fund plumbing connects share supply, market baskets, and underlying asset value.
When solving the puzzle, compare the job this term performs with nearby cards. A correct group usually shares a function, risk type, workflow, or market structure rather than simply sharing similar wording.
Where you might see it
You might encounter this term while reading educational explainers, product documentation, risk disclosures, market dashboards, or beginner guides. Always separate vocabulary learning from financial decision-making.