HomeDefinitionsCompareDebt Nominal annual rateThe financial definition for Nominal annual rate:An effective rate per period multiplied by the number of periods in a year. Same as annual percentage rate. Similar MatchesDeferred nominal life AnnuityDeferred nominal life AnnuityA monthly fixed-dollar payment beginning at retirement age. It is nominal because the payment is fixed in a dollar amount at any particular time, up to and including retirement. NominalNominalIn 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 cash flowNominal cash flowA cash flow expressed in nominal terms if the actual dollars to be received or paid out are given. Further SuggestionsNominal dollarsNominal exchange rate Nominal exercise price Nominal income Nominal interest rate Nominal price Nominal quotation Click to compare definitions of Nominal annual rate Click to view definitions beginning no |