In Roman law. Obligations contracted by literw (i. c.. Uteris ohligationes) were so called because they arose from a peculiar transfer (transcriptio) from the creditor’s day-book (adversaria) into his ledger, […]

In English law . An account of the names of all the villages and the possessors thereof, in each county, drawn up by several sheriffs, (9 Edw. II.,) and returned […]

Titular; existing in name only; not real or substantial ; connected with the transaction or proceeding in name only, not in interest.

Period-ending at near-zero balanced revenue or expense account as an owners’ equity account subdivision . A zero balance at the beginning of a new accounting period , accumulates balances during […]

Nominal damages are a trifling sum awarded to a plaintiff in an action, where there is no substantial loss or injury to be compensated, but still the law recognizes a […]

An investment or debt instrument ‘s stated annual interest rate . Does not include a compounding component and is not adjusted even if the return is paid monthly, semiannually or […]

the term given to a token award given to a plaintiff by the court to show that the he was right but no money damage is required or justified.

the name given to the award in favour of the plaintiff that shows his case was justified.

this is the term given to the person named the defendant not because he is responsible but the suit would be deficit if he wasn’t named.

The real interest rate with the addition of inflation.

The interest rate discounting the effect of compounding , expressed on a per annum basis that applies to a mortgage, credit card or similar loans. It is also known as […]

The gross income of the population within a country expressed in the national currency . It does not factor in the reduction in purchasing power due to inflation or outstanding […]

the name given to the people who have been included in a suit because there presence is required.

A person who neither has ownership rights or active involvement in the firm’s affairs, but has a strong interest in the success of the partnership firm. Often a well known, […]

An entity whose involvement as a defendant in a case has no bearing on the outcome. The entity is usually called upon due to court procedures mandating its presence in […]

The price of an item which is estimated, and has no correlation to the market price . The sole purpose of the nominal price is to initiate a trade. It […]

An indicator stating the Buying or selling prices that is used for valuation purposes, rather than as a bid or offer.

A price quote on the value of a futures contract that has not been bid on for a long duration. Also referred to as nominal price , nominal quotation or […]

1. Rate that does not factor in the effects of inflation 2. Rate that is charged on the gross value rather than on the net value

1. Bank deposits: The stated rate of interest on deposits that is expressed in terms of current dollar, which does not take the effects of inflation and compounding into effect. […]

Return on an investment given in current dollars, without taking into account the effects of compounding , discounting or inflation.

The duty associated with imported goods that does not take into consideration the effect of inflation or other taxes. As such it is not a true reflection of the price […]

Also known as categorical variables or the variables in financial equations that are not dependent on the rate of inflation and other such factors.

Wage in current dollars, as an indicated of its purchasing power of goods and services. It differs from its true value.

The income that is derived from a security.It is stated as a percentage of its purchase price .