a b c d e f g h i j k l m n o p q r s t u v w y z search

TeachMeFinance.com - explain nominal nominal -- A measure based on current-dollar value. The nominal level of income or spending is measured in current dollars. The nominal interest rate on debt selling at par is the ratio of the current-dollar interest paid in any year to the current-dollar value of the debt when it was issued. The nominal interest rate on debt initially issued or now selling at a discount includes as a payment the estimated yearly equivalent of the difference between the redemption price and the discounted price. The nominal exchange rate is the rate at which a unit of one currency trades for a unit of another currency. historic definition... Nominal -- Existing in name only. A nominal price is one named for convenience. It is an assumed price a price assumed in the absence of an established or actual price. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.