Meaning of the word "nominal value" in English
What does "nominal value" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
nominal value
US /ˈnɑmɪnl ˈvæljuː/
UK /ˈnɒmɪnl ˈvæljuː/
Noun
1.
the face value of a coin, stamp, or share, especially when it is different from the market value
Example:
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The shares have a nominal value of one dollar, but trade at ten dollars.
•
The stamp's nominal value is 50 cents, but it's a rare collectible.
2.
the value of something in current monetary terms, without adjusting for inflation
Example:
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The increase in wages represents a nominal value, but real purchasing power might be lower due to inflation.
•
Economists often distinguish between nominal value and real value.
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