A mutual fund that does not impose a sales commission. An open-end investment company, shares of which are sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. In 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.
An effective rate per period multiplied by the number of periods in a year. A cash flow expressed in nominal terms if the actual dollars to be received or paid out are given. The actual foreign exchange quotation in contrast to the real exchange rate that has been adjusted for changes in purchasing power. The interest rate unadjusted for inflation. Nominal price Price quotations on futures for a period in which no actual trading took place.