A
number that hasn’t been adjusted. For example, a sales number that hasn’t been
adjusted for price changes is a nominal sales number. A nominal interest rate
is the interest rate that is actually paid, as opposed to the amount that is
owed. If a consumer pays 8 percent on a car loan, the nominal interest rate is
8 percent. Nominal income means income that hasn’t been adjusted for any
changes in the dollar’s purchasing power.
Nominal dollar means money that hasn’t been adjusted for inflation.