nominal price

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Nominal price

Price quotations on futures for a period in which no actual trading took place.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Nominal Price

An estimated price that may or may not resemble an asset's market price. A nominal price may be established as part of a negotiation, or as an arbitrary, initial price when a product has just been introduced.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

nominal price

the PRICE of a PRODUCT or FINANCIAL SECURITY measured in terms of current prevailing price levels, that is, making no allowance for the effects of INFLATION. Contrast REAL PRICE. See PAR VALUE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in classic literature ?
It is a gem, and `Full many a gem,' as the poet says, has been allowed to go at a nominal price because the public knew no better, because it was offered in circles where there was--I was going to say a low feeling, but no!--Six pounds-- six guineas--a Guydo of the first order going at six guineas-- it is an insult to religion, ladies; it touches us all as Christians, gentlemen, that a subject like this should go at such a low figure-- six pounds ten--seven--"
at a nominal price, or even getting it for nothing.'
Later on, PTCL agreed to sale their lands on very nominal prices to M/s.
In FY18, the company reported GBP15.1 million of incentive earnings (versus GBP16.4million in FY17) and slippage-adjusted totex outperformance of GBP5.3 million compared with GBP5.8 million in FY17, all in nominal prices. Incentive earnings and sharing of totex outperformance are reflected in the cash flows with a two-year lag.
Later, the PTCL agreed to sell their lands on very nominal prices to Etisalat on which PTCL offices were established all over Pakistan amounting to trillion of rupees.
However, it is also noticed that investors' preferences for stocks of different nominal prices are time --varying.
Following the instructions of Deputy Commissioner to have a close check on supply and demand as well as ensuring nominal prices and quality control of essential commodities in the local markets, Assistant Commissioner Puran Zamin Khan and AC Alpuri Tariq Mahmood paid surprise visits to various bazars in their respective areas.
Following the instructions of Deputy Commissioner to have a close check on supply and demand as well as ensuring nominal prices and quality control of essential commodities in the local markets, Assistant Commissioner Puran Zamin Khan and Assistant Commissioner Alpuri Tariq Mahmood paid surprise visits to various bazars in their respective areas.
Summary: When investors see extreme gains, high volatility and low nominal prices, they tend to treat assets like lottery tickets
The books, used and new, have nominal prices to get people to read and they vary from around half a Jordanian dinar to ten, he said.
We will look at providing such services at nominal prices. Also, when you can pay lakhs of rupees for treatment, I am sure people won't mind spending a few thousands to save lives using helicopters to fly to the nearest hospital," the mayor said.