Nominal


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Related to Nominal: Nominal scale, Nominal data

Nominal

In name only. Differences in compounding cause the nominal rate to differ from the effective interest rate. Inflation causes the purchasing power of money to differ from one time to another.

Nominal

Describing a variable that does not take inflation into account. For example, when considering GDP growth, if GDP has grown 10% in nominal terms and the inflation rate is 3%, real GDP growth is only 7%.
References in periodicals archive ?
(5) Overall, the series of log nominal and real wages can be characterised as integrated of order one (of order two in the case of Latvia and of order zero for Italy), although we acknowledge that eleven years of data might be too short a period for a robust reference.
These things do require nominal understanding (as defined in the first section of this paper).
First, of those courts that have addressed this issue, they are virtually unanimous that a bankrupt defendant is not "nominal" for purposes of diversity jurisdiction.
The payroll of these institutions amounted to 2.72 trillion soums and the average monthly nominal accrued salary to 1.05 million soums (+16.8 percent).
"The reduction in international price levels of crude oil in this quarter has led to sharper decline in nominal gross value added of the mining and quarrying sector," the ministry said.
The government set a nominal GDP growth target of 4.5 percent for next year slowing down from 5 percent estimated for this year.
Private consumption expenditures will be supported by projected nominal growth of population incomes by 10.3% due to creation of new work places and 9% growth of average nominal salary.
Consider that debt is issued in nominal terms and repaid in nominal terms (except for a few Treasury bonds with inflation adjustments).
Central bankers, professional economists, and market observers routinely follow the evolution of "breakeven inflation," or the spread between the yields on nominal government bonds and the yields on inflation-indexed bonds of equivalent maturity, as an indicator of real-time inflation expectations from bond market participants.
The UAE's nominal gross domestic product is expected to gain nearly AED65 billion ($17.8 billion) in 2012, remaining the second largest Arab economy after Saudi Arabia
Coupon rate is 5.298%; the new issue will be placed at 104.5% of the nominal, which suggests the yield of 4.34% per annum.
The study found an inverse relationship between the nominal stock price and the stock performance YTD.