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| nom·i·nal an·nu·al rate (plural nom·i·nal an·nu·al rates) |
noun |
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| Definition: |
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1. annual interest rate ignoring charges: the annual rate of interest paid on borrowing or earned on an investment, without taking charges or compound interest into account
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2. annual interest rate ignoring inflation: the annual rate of interest from an investment without taking inflation into account
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