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Nominal value in economics also refers to a value expressed in monetary terms for a specific year or years, without adjusting for inflation.
The distinction between real value and nominal value occurs in many fields. From a philosophical viewpoint, nominal value represents an accepted condition, which is a ...
Definition of nominal value: Alternative term for par value.
In contrast with a real value, a nominal value has not been adjusted for inflation, and so changes in nominal value reflect at least in part the effect of inflation.
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nominal value n (Stock Exchange) another name for par value face val•ue (ˈfeɪs ˌvæl yu for 1; ˈfeɪs ˈvæl yu for 2 ) n. 1. the value printed on the face of a ...
What is the meaning of "nominal" value in engineering field? ... bunch of measurements and report that they are within measurement uncertainty of the nominal value. ...
Nominal value is also important when pricing bonds in the secondary markets, because bonds are traded as percentages of their nominal value.
Under the UK Companies Act 1985, shares must have a par or nominal value. The nominal value is set by the company issuing the shares and it is unrelated to market value.
Definition of nominal value: The value of a share when issued.