Nominal account


 

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Nominal account

An account kept in a ledger which itemises revenue and expenditure such as sales and operating costs.



Similar Matches

Nominal exchange rate

Nominal exchange rate

The actual exchange rate at which currencies are exchanged on an exchange market. Contrasts with real exchange rate.


Nominal income

Nominal income

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


Nominal

Nominal

In name only. Differences in compounding cause the nominal rate to differ from the effective interest rate. Inflation causes the purchasing power of money to differ from one time to another.


Nominal interest rate

Nominal interest rate

The interest rate unadjusted for inflation.


Nominal value

Nominal value

The price of a security (stocks, shares, bonds etc) when originally issued This bears no relation to the market price. Also known as face value or par value.


Further Suggestions

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Nominal yield
nominal income
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