Related Words

Nominal Damages: Monetary damages of a token amount awarded for a wrongful act where no loss occurred.

Nominal Income: Income that has not been adjusted for inflation and decreasing purchasing power.

Nominal Impedance: The minimum impedance a loudspeaker presents to an amplifier, directly related to the power the speaker can extract from the amplifier.

Nominal Group Technique: A consensus planning tool used to identify the strengths of an organization, department or division, whereby participants are brought together to discuss important issues, problems and solutions.

Nominal Interest Rate: The stated interest rate in a note or contract, which may differ from the true or effective interest rate, especially if the lender discounts the loan and advances less than the full amount.

Nominal Exercise Price: The exercise price of a GNMA option contract, which equals the unpaid principal balance multiplied by the adjusted exercise price.

Nominal Ledger: A ledger which holds all the nominal accounts of a business. Where the business uses a subsidiary ledger like the sales ledger to hold customer details, the nominal ledger will usually inclu . . . View Full Definition

Nominal Yield: Nominal yield is the annual income that you receive from a bond or other fixed-income security divided by the par value of the security. The result, stated as a percentage, is the same as th . . . View Full Definition

Punitive Damages: Damages awarded to one party to punish another party for dishonest conduct. Meant to deter others from committing a similar offense.

Nominal Quotation: Used in the context of general equities. Bid and offer prices given by a market maker for the purpose of valuation, not as an invitation to trade; must be specifically identified as such by . . . View Full Definition