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Glossary > N > "Nominal" Definition

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.

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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 : 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.