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English definition of “nominal price”

nominal price

noun [C]
 
 
COMMERCE an amount of money paid for something that is very small or much less than the usual amount: You may be able to get a ticket free or at a nominal price.
ACCOUNTING the amount of money something is worth, without considering the effect of inflation
FINANCE, STOCK MARKET →  par
FINANCE, STOCK MARKET →  nominal quotation
(Definition of nominal price from the Cambridge Business English Dictionary © Cambridge University Press)
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