nominal exercise price

Nominal exercise price

The exercise price of a GNMA option contract, which equals the unpaid principal balance multiplied by the adjusted exercise price.

Nominal Exercise Price

The price one pays for a Ginnie Mae pass-through. It differs from the adjusted exercise price because, before one buys the pass-through, mortgage borrowers are paying down the principals on the underlying mortgages. One calculates the nominal exercise price as follows:

Nominal exercise price = Adjusted exercise price * Total amount of the remaining principal

nominal exercise price

The price at which an option on a Ginnie Mae certificate can be exercised. This price is calculated by multiplying the adjusted exercise price of the option by the unpaid principal balance on the Ginnie Mae certificate. See also Ginnie Mae pass through.
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Each pre-funded warrant (together with the common shares, the securities) entitles the holder thereof to acquire one common share (a warrant share) at a nominal exercise price for a period of 60 months following the closing of the offering, added the company.
Abitibi has the option (available in 2003 or upon earlier refinancing of arn debt) to buy out at a nominal exercise price Parsons & Whittemore's stake in arn and in Alabama River Recycling Co.
The pre-funded warrants, if any, will have a nominal exercise price of USD0.001 per share.
The pre-funded warrants, if any, will have a nominal exercise price of USD 0.001 per share, will be immediately exercisable and may be exercised at any time until the pre-funded warrants are exercised in full.