YourDictionary

Dictionary Home » Invest » nominal

nominal investment & finance definition

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.

Learn more about nominal

link/cite print suggestion box