nominal price

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.'
1 October 2014 - Greek lender Alpha Bank AE (OTCMKTS:ALBKY) said it had finalised its acquisition of the local retail banking business, including Diners Club of Greece, previously owned by Citibank, for a nominal price of EUR2m (USD2.5m).
The government is allotting a plot of land at a nominal price to Omanis from the age of 25 to help them build their first home.
Bank of Cyprus, the island's largest bank, said it had converted 37.5 per cent of deposits exceeding e1/4100,000 into "class A" shares -- nominal price e1/41.0 -- with an additional 22.5 per cent held as a buffer for possible conversion in the future.
I am also assuring to our customers to provide extraordinary services in nominal price and supporting them to the maximum extent.
As part of the capital increase, the bank will place up to 58m ordinary shares at a nominal price of EUR3 apiece and a premium which is is yet to be set.
* Douglas Davis and Oleg Korenok, Virginia Commonwealth University, "Nominal Price Shocks in Monopolistically Competitive Markets: An Experimental Analysis"
"Each of the hotels will provide five-star catering and specialities from around the world at a nominal price to spectators," he said.
In the circumstances just described, where efficiency across sectors requires nominal price changes within a sector or sectors, a zero inflation rate for the consumption price index may no longer be the optimal prescription for monetary policy in the presence of sticky prices.
This nominal price rise was less than the inflation rate, and so the real price index declined (-1.5%), thus continuing the long-term trend in agricultural input prices.
This paper complements these studies by deriving the implications of nominal price rigidity for optimal monetary policy.