Nominal annual rate


 

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Nominal annual rate

An effective rate per period multiplied by the number of periods in a year. Same as annual percentage rate.



Nominal annual rate

Similar Matches

Nominal account

Nominal account

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


Deferred nominal life Annuity

Deferred nominal life Annuity

A monthly fixed-dollar payment beginning at retirement age. It is nominal because the payment is fixed in a dollar amount at any particular time, up to and including retirement.


Nominal yield

Nominal yield

The income received from a fixed income security in one year divided by its par value. See also: Coupon rate.


Nominal price

Nominal price

Price quotations on futures for a period in which no actual trading took place.


Nominal income

Nominal income

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


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