Nominal: Difference between revisions
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imported>Doug Williamson (Specify which party enjoys the damages or compensation.) |
imported>Doug Williamson (Replace second instance of 'court' with 'litigation'.) |
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#Named, or 'headline'. A nominal annual rate would be a market rate named, or quoted, in a particular financial market. | #Named, or 'headline'. A nominal annual rate would be a market rate named, or quoted, in a particular financial market. | ||
#A term which has <u>not</u> been restated to exclude the effects of inflation. This is the most commonly used basis for measuring and quoting financial information, also known as 'money terms'. | #A term which has <u>not</u> been restated to exclude the effects of inflation. This is the most commonly used basis for measuring and quoting financial information, also known as 'money terms'. | ||
#Small. For example, nominal damages or compensation would be a small amount, indicating that the party awarded them was technically in the right, but that the court did not approve of the case being brought to | #Small. For example, nominal damages or compensation would be a small amount, indicating that the party awarded them was technically in the right, but that the court did not approve of the case being brought to litigation in the circumstances. | ||
Revision as of 15:57, 21 November 2015
- Named, or 'headline'. A nominal annual rate would be a market rate named, or quoted, in a particular financial market.
- A term which has not been restated to exclude the effects of inflation. This is the most commonly used basis for measuring and quoting financial information, also known as 'money terms'.
- Small. For example, nominal damages or compensation would be a small amount, indicating that the party awarded them was technically in the right, but that the court did not approve of the case being brought to litigation in the circumstances.
