Meaning of “nominal price” in the English Dictionary

"nominal price" in Business English

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nominal pricenoun [ C ]

uk us

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 →  nominal quotation

(Definition of “nominal price” from the Cambridge Business English Dictionary © Cambridge University Press)