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| 1.
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| Named, or 'headline'.
| | A bank loan that has stopped earning interest and where the borrower is believed to be likely to default on the principal. |
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| A nominal annual rate is a market rate named, or quoted, in a particular financial market. | |
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| 2.
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| A term which has <u>not</u> been restated to exclude the effects of inflation.
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| This is the most commonly used basis for measuring and quoting financial information, also known as 'money terms'.
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| (Contrasted with [[real]] terms.)
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| 3.
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| Abbreviation for Nominal amount, or Notional amount.
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| 4.
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| Very small.
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| 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.
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| == See also == | | == See also == |
| * [[Aggregate money demand]] | | * [[Default]] |
| * [[Inflation]] | | * [[Interest]] |
| * [[Litigation]] | | * [[Principal]] |
| * [[Nominal annual rate]]
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| * [[Notional]]
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| * [[Notional amount]]
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| * [[Notional principal]]
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| * [[Periodic rate]]
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| * [[Real]]
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| [[Category:The_business_context]]
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| [[Category:Corporate_finance]]
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Revision as of 15:26, 21 August 2013
(NPL).
A bank loan that has stopped earning interest and where the borrower is believed to be likely to default on the principal.
See also
