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Revision as of 15:56, 21 November 2015 by Doug Williamson (Specify which party enjoys the damages or compensation.)
- 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 court in the circumstances.