nominal price

Definitions

Economics

Forex

  • The calculated price quote for a futures or forex contract for a time period when no real trading actually occurred. The nominal forex rate for a currency pair is generally computed by taking the mean of the bid and offer prices observed for the desired period.

Health Economics

  • (written as Nominal Price)
    A monetary price that is not adjusted for changes in the (usually intertemporal) general price level (inflation).
http://www.dictionarycentral.com/definition/nominal-price.html