Difference between revisions of "Nominal"
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| − | #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. | + | #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. | + | #Named, or 'headline'. A nominal annual rate would be a market rate named, or quoted, in a particular financial market. |
| + | #Small. For example, nominal damages or compensation would be a small amount, indicating that the party was technically in the right, but that the court did not approve of the case being brought to court in the circumstances. | ||
Revision as of 13:22, 20 November 2015
- 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.
- Named, or 'headline'. A nominal annual rate would be a market rate named, or quoted, in a particular financial market.
- Small. For example, nominal damages or compensation would be a small amount, indicating that the party was technically in the right, but that the court did not approve of the case being brought to court in the circumstances.
