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nominal price

From Longman Business Dictionary
Related topics: Finance, Economics
nominal priceˌnominal ˈprice1[countable]ECONOMICS a price that does not take account of inflationWhereas oil’s nominal price remained stable, its real price fell during this period.2[countable]FINANCE a price that does not represent the real cost or value of somethingMeals were available to the unemployed at a nominal price.3[countable]FINANCE the stated price that appears on a bond etc. Bonds are often sold slightly above or below a nominal price of 100 SYN FACE AMOUNT, NOMINAL AMOUNT, PAR VALUE price
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