nominal price

Nominal price

Price quotations on futures for a period in which no actual trading took place.

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.

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.
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
at a nominal price, or even getting it for nothing.
Other contributions address how assumptions about sluggish nominal price adjustment affect the consequences of various monetary policy rules and the role of business cycles in the long-run decline in the workforce share of middle-wage jobs.
ISLAMABAD -- The National Accountbality Bureau (NAB) has arrested Qazi Laiq, ExDirector General (DG) Peshawar Development Authority (PDA), allegedly involved in illegal allotment of precious plot adjacent to Iqra University Hayatabad in violation of codal formalities and also on very nominal price for 33 years with the provision of further extension.
According to the association, the charges for hospitalisation, investigations and drugs should be borne by the government or atleast should be fixed at a nominal price.
Every Muslim wishes to perform Umrah and it has been a blessing to enjoy this facility at a very nominal price in the past for residents of Bahrain.
Kessler recommends that instead of selling used USB drives for a nominal price that they be destroyed using a Gallagher's sledge-o-matic method to smash the drive to an unusable state.
In other case the NAB Khyber Pakhtunkhwa today arrested Akhtar Haleem and Imdad Khan Khalil Contractors, allegedly involved in manipulating the bidding process by forging ring in the allotment of 5 Kanal precious plot adjacent to Iqra University Hayatabad on very nominal price for 33 years with the provision of further extension.
Regarding the price of oil, which has fallen almost 30 per cent since June to around $80 per barrel, Opec said that it expects a nominal price of around $110 per barrel for the rest of this decade.
Regarding the price of oil, which has fallen almost 30 percent since June to around $80 per barrel, OPEC said that it expects a nominal price of around $110 per barrel for the rest of this decade.
Families can enjoy a scavenger hunt activity trail through the museum all week, with a different art-based activity to join each day for a nominal price.
The Convertible Securities are perpetual, with a nominal price of e1/40.